Asked by
Estefany Arredondo
on Oct 15, 2024
Verified
Uncertainties from the development of future competing products are not contingent liabilities.
Contingent Liabilities
Possible obligations that may arise in the future due to past events, depending on the occurrence of certain uncertain events.
- Discuss the method of dealing with and reporting on possible future liabilities.
Verified Answer
GG
Learning Objectives
- Discuss the method of dealing with and reporting on possible future liabilities.
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