Financial Accounting
10th Edition
ISBN: 9781119298229
Author: Weygandt, Jerry J.; Kieso, Donald E.; Kimmel, Paul D.
Publisher: WILEY
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Chapter K, Problem 2Q
To determine
Other significant liabilities
Other significant liabilities are liabilities other than current and long-term liabilities. These liabilities have a significant impact on the future
The contingent liability is not treated as a liability of the company on the date of the
To Find: The circumstances is a contingent liability disclosed only in the notes to the financial statements.
To determine
To Find: The circumstances is a contingent liability not recorded in the accounts nor disclosed in the notes to the financial statements.
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