Under what circumstances should a firm report a contingent liability?

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Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Question Posted: Jul 13, 2016 03:47 AM

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Under what circumstances should a firm report a contingent liability?

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A contingent liability is a possible obligation that arises from past events and whose exi...View the full answer

Financial Accounting

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