Question

what is contingent liability?​

Answer 1

⭐⚡ 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.

I hope it helps you ✌️✌️

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@Pratham shailja user here !

Answer 2

Explanation:

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.

Missing uh sis ☹️

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