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    Financial Accounting Study Set 5
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    Exam 9: Current Liabilities and Fair Value Accounting
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    Lawsuits Against a Company in Connection with an Industrial Accident
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Lawsuits Against a Company in Connection with an Industrial Accident

Question 41

Question 41

True/False

Lawsuits against a company in connection with an industrial accident would not be disclosed in the notes to the financial statements as a contingent liability until the lawsuits have been settled.

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