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Define a contingency and a contingent liability and under

Define a contingency and a contingent liability and under what conditions would the contingent liability be recorded?

Why is the liabilities section of a balance sheet of primary significance to bankers?

Distinguish between a current liability and a long term debt. Give examples of each

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Accounting Basics: Define a contingency and a contingent liability and under

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Accounting Basics: Define a contingency and a contingent liability and under

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