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Contingent Liabilities that are REMOTE are usally O Recorded in the balance sheet as a liability. O Reported in a footnote only. O Reported in

Contingent Liabilities that are REMOTE are usally O Recorded in the balance sheet as a liability. O Reported in a footnote only. O Reported in stockholders' equity as a contra account. O Not reported in the balance sheet and not disclosed in a foot

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