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Your company is faced with a contigent liability. This liability is remot and you estimate it to be between $0 to $3.5 million Do you

Your company is faced with a contigent liability. This liability is remot and you estimate it to be between $0 to $3.5 million Do you report this liability in the financial statements? If yes, what are the accounts involved Account Inc/Dec A = L + SE

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