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Use the internet or Strayer online databases to review at least one (1) contingent liability footnote disclosure from a company's annual report and financial statements.

Use the internet or Strayer online databases to review at least one (1) contingent liability footnote disclosure from a company's annual report and financial statements. Then, discuss the disclosure(s) and determine whether or not the CFO should record contingent liabilities on the company's balance sheet. Provide a rationale for your response.

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