contingent liabilities

Tag: contingent liabilities

Contingent Liability

See Also: Current Liabilities Balance Sheet Accounting Principles Accounting Concepts Subsequent Events Contingent Liability Definition A contingent liability, defined is an obligation that a company might or might not have to recognize. This is because the event(s) are uncertain. It is also necessary for future events to occur to determine whether or not the obligation

Read More
WIKI CFO® - Browse hundreds of articles
Skip to content