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    Intermediate Accounting Study Set 7
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    Exam 13: Operating Liabilities and Contingencies
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    More Contingencies Are Reported on the Balance Sheet Under U
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More Contingencies Are Reported on the Balance Sheet Under U

Question 16

Question 16

True/False

More contingencies are reported on the balance sheet under U.S. GAAP than under IFRS because of different definitions of "probable."

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