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    Business
  3. Study Set
    Using Financial Accounting
  4. Exam
    Exam 9: Current Liabilities, Contingencies, and the Time Value of Money
  5. Question
    For a Given Contingent Liability,a Company Has the Choice of Either
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For a Given Contingent Liability,a Company Has the Choice of Either

Question 69

Question 69

True/False

For a given contingent liability,a company has the choice of either recording it on the balance sheet or disclosing it in the notes.

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