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Select a business of your choice to use in this discussion. Assume you are the staff accountant responsible for closing the books at month end,

Select a business of your choice to use in this discussion. Assume you are the staff accountant responsible for closing the books at month end, and it is your responsibility to analyze contingent liabilities. Discuss what types of contingent liabilities you might have, and what process you would go through to assess. Be specific using details/examples from your selected company.

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