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In financial statements prepared in accordance with GAAP, a contingent liability should _______be displayed on the balance sheet and _______ be displayed in the notes

  1. In financial statements prepared in accordance with GAAP, a contingent liability should _______be displayed on the balance sheet and _______ be displayed in the notes to the financial statements.
    1. Always; always
    2. Always; sometimes
    3. Sometimes; always
    4. Sometimes; never

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