Accountancy, asked by Dikshita47, 7 months ago

examples of conginent liabilities?

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Answered by saxenaanu46

Answer:

Potential lawsuits, product warranties, and pending investigation are some examples of contingent liability. If the amount can be estimated, the company sets aside that amount separately to be paid out when the liability arises.

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examples of conginent liabilities?​

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examples of conginent liabilities?