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Impacts of Contingent Liability

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A contingent liability is a potential liability whose realization depends upon the future outcome of an event.

Consider the features of contingent liabilities and respond to the following:
- Explain how contingent liabilities impact financial decisions. Give examples.

© BrainMass Inc. brainmass.com October 16, 2018, 6:19 am ad1c9bdddf - https://brainmass.com/business/contingencies/impacts-of-contingent-liability-584169

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This post provides an explanation with examples how contingent liabilities impact financial decisions.

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