devry acct305 week 5 discussion dq 1& dq 2latest 2016 may
Question # 00317942
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Updated on: 06/18/2016 08:20 AM Due on: 06/18/2016
devry acct305 week 5 discussion dq 1& dq 2latest 2016 may
dq 1
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Contingent Liabilities (graded) |
Define contingent liability. What is the criteria to determine whether or not to report the contingency on financial statements? What supporting documentation is required? Please provide a detailed example of a contingent liability.
dq 2
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Current Liabilities (graded) |
Please identify a type of current liability. For the current liability you select, please identify the general rule on reporting the current liability on the financial statement.
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Solution: devry acct305 week 5 discussion dq 1& dq 2latest 2016 may