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The entry to accrue a contingent liability debit an expense account. reduces equity but not income. is recorded even though not reasonably estimated. is made
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Financial Accounting Reporting Analysis And Decision Making
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
5th Edition
0730313743, 978-0730313748
