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In the context of contingent liabilities, what does probable mean? Also give an example. What is another term accountants use that has the same meaning
In the context of contingent liabilities, what does probable mean? Also give an example.
What is another term accountants use that has the same meaning as accrued in the context of contingent liabilities?
Under what circumstances should a company accrue a contingent liability? Also give an example.
Under what circumstances should a company disclose, but not accrue, a contingent liability? Also give an example
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