After reading about contingencies in her text, an introductory accounting student believes that such items should never be recorded.
Instructions
Explain what criteria must be met before a contingent liability is recorded on the financial statements.

Question

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The Answer of After reading about contingencies in her text, an introductory accounting student believes that such items should never be recorded.
Instructions
Explain what criteria must be met before a contingent liability is recorded on the financial statements.

After Reading About Contingencies in Her Text, an Introductory Accounting