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What are contingent liabilities? Describe the criteria for reporting a contingent liability. Find a real world example of a contingent liability reported on a company's

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What are contingent liabilities? Describe the criteria for reporting a contingent liability. Find a real world example of a contingent liability reported on a company's annual financial statements (use an example based on research outside of the textbook). Describe the contingent liability and how it is reported. CITE YOUR SOURCE(S)

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