Exercise 6. There are times when a company is not sure whether a liability should be actually shown as a dollar amount in the Liability section of the Balance Sheet or just mentioned in the Notes to the Financial Statements. What are the 2 criteria accountants use to make the decision about these contingent liabilities (depedent on a future event) as to inclusion on the Balance Sheet? 1) AND. 2) If the accountant decides that the contingent liability should not be shown as an amount on the Balance Sheet, is it then always shown and discussed in the Notes to the Financial Statements