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Which of the following transactions is NOT a contingent liability? a.) Mark has hired an internal auditor. b.) A customer has approached Mark regarding an

Which of the following transactions is NOT a contingent liability?

  • a.)
  • Mark has hired an internal auditor.
  • b.)
  • A customer has approached Mark regarding an issue with the product warranty.
  • c.)
  • The state alleges that Mark underpaid his taxes last year.
  • d.)
  • A customer has filed a lawsuit for negligence against Mark's company.

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