ASPE considers a liability to be a contingent liability as long as its ultimate existence depends on the outcome of a future event, even if the event is likely to occur.

Question

Quizplus · Accepted Answer

The Answer of ASPE considers a liability to be a contingent liability as long as its ultimate existence depends on the outcome of a future event, even if the event is likely to occur.

ASPE Considers a Liability to Be a Contingent Liability as Long