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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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