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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
Why are contingent liabilities considered unique and different from all other liabilities?
A) Whether or not a company has an obligation depends on the result of a future event.
B) Whether or not a company has an obligation depends on the result of a past event.
C) The company knows the amount of the obligation.
D) Both B and C are unique to contingent liabilities.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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tivo Author
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#2
7 years ago
Amazing, that's all I can say
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