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    Using Financial Accounting
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    Exam 14: International Financial Reporting Standards
  5. Question
    Explain the Meaning of the Terms Contingent Liabilities and Provisions
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Explain the Meaning of the Terms Contingent Liabilities and Provisions

Question 7

Question 7

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Explain the meaning of the terms contingent liabilities and provisions as they relate to U.S.GAAP and IFRS?

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Under U.S.GAAP,a contingent liability is...

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