What is a contingent liability? How is a contingent liability reported?

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Financial Accounting

ISBN: 978-0078111020

7th Edition

Authors: LibbyShort

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Question Posted: Dec 12, 2011 09:44 AM

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What is a contingent liability? How is a contingent liability reported?

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A contingent liability is not an effective liability rather it is a potentia...View the full answer

Financial Accounting

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