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    Accounting Study Set 2
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    Exam 16: Liabilities
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    A Contingent Liability Is Reported
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A Contingent Liability Is Reported

Question 29

Question 29

Multiple Choice

A contingent liability is reported:


A) on the balance sheet.
B) in the income statement.
C) in the statement of changes in equity.
D) in the notes to the financial statements.

Correct Answer:

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