Question
Which of the following is an example of a contingent liability? An estimated bad debt expense provision A pending lawsuit An estimated warranty liability All
Which of the following is an example of a contingent liability?
An estimated bad debt expense provision
A pending lawsuit
An estimated warranty liability
All of the above are examples of contingent liabilities
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
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