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Ethics in AccountingPlease respond to the following: Use the Internet or Strayer online databases to review at least one (1) contingent liability footnote disclosure from
"Ethics in Accounting"Please respond to the following:
- Use the Internet or Strayer online databases to review at least one (1) contingent liability footnote disclosure from a company's annual report and financial statements. Then, discuss the disclosure(s) and determine whether or not the CFO should record contingent liabilities on the company's balance sheet. Provide a rationale for your response.
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