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Author Question: Why are contingent liabilities considered unique and different from all other liabilities? (Read 93 times)

Cooldude101

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on: Feb 18, 2020
Why are contingent liabilities considered unique and different from all other liabilities?
◦ The company knows the amount of the obligation.
◦ Whether or not a company has an obligation depends on the result of a past event.
◦ The company doesn't know the amount of the obligation.
◦ Whether or not a company has an obligation depends on the result of a future event.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by Cooldude101 on Feb 18, 2020

ASDFGJLO

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Cooldude101

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Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review

bimper21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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