Contingent Liabilities
Explain the term Contingent Liabilities?
Expert
Contingent liabilities are such liabilities that are not liabilities as of at present.
In future they might become liabilities. They are termed as contingent since they are not real.
Illustration: A bank exhibits all bank guarantees which has issued as contingent liabilities in its balance sheet. Reason is that those bank guarantees might be invoked and might really become liability in some unidentified date in the future.
Contingent liabilities are illustrated in annual report and balance sheet. There is a solid reason for similar. Assume any contingent liability becomes an actual liability in future then the stake holders in the company must not acquire surprised by unexpected expense by the company.
Investors require to be informed of probable liabilities in the future.
Being an investor, what are all factors you would consider before investing within the emerging stock market of developing country?
Project Accounting: It is sometimes termed to as job cost accounting and is the practice of making financial reports particularly designed to track financial growth of projects, which can then be utilized by managers to support project management.
Who are market participants within the foreign exchange market?
How we form impressions by using stereotypes. Explain? Is stereotyping always negative? Give an example.
Write an article on Global expansion's strategy followed during 1990.
Working individually you are required to produce a 2000 word report based on promoting the website you developed. (Your main objective is to increase the volume of traffic to your website).You should justify the best digital communication tools and criticall
Identification of Responsibility Centre: Profit centre has been taken as the responsibility centre. Profit centre is the one in which both the revenue and costs are accounted for. The difference between them is the profit so the managers for this cent
List some of the factors does Standard & Poor’s analyzes in computing the credit rating it assigns a sovereign government?
Explain, how does deposit-loan rate spread within the Eurodollar market as compared to the deposit-loan rate spread in domestic U.S. banking system and why?
Black Manufacturing Company Black Manufacturing produced a single product called the Great Beast. During the past three weeks, Lee High, the new cost accountant, had observed that production efficiency and input pr
18,76,764
1936829 Asked
3,689
Active Tutors
1418774
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!