Accountancy, asked by smrock46, 4 months ago

contingent liabilitiey is​

Answers

Answered by Harshabadboy
8

Answer:

Contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event such as the outcome of a pending lawsuit.

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Answered by sanukuma2222
4

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Contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event such as the outcome of a pending lawsuit. 

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