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Please see Contingent Liabilities page 474-476. What are they? Why should a company disclose a contingent liability? Would you invest in a company that has

Please see Contingent Liabilities page 474-476. What are they? Why should a company disclose a contingent liability? Would you invest in a company that has a $1000 tax liability with the IRS? How about a $5 million pending lawsuit for defective parts? Please discuss ethical issues here as well.

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