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Which of the following would be considered a contingent liability?

bravata

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Which of the following would be considered a contingent liability?

Which of the following would be considered a contingent liability?
A) Federal income tax payable
B) Warranties payable
C) Pending litigation
D) Salaries payable

Textbook

Financial Accounting

Financial Accounting

Edition: 3^rd

Authors: Kemp, Waybright

Read 88 times

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antonio_john

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Massachusetts Institute of Technology
-- Accounting

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