Using the 10K report of the company you are analyzing, please find an example of a contingent liability. This will be reported as a note to the financial statements and may possibly be recorded in the balance sheet if it can be quantified. Please post the example from the note here and explain why this note was required. Also, let us know if a contingent liability was recorded in conjunction with this note.
Other Requirements: Using the 10K report of the company you are analyzing, please find an example of a contingent liability. This will be reported as a note to the financial statements and may possibly be recorded in the balance sheet if it can be quantified. Please post the example from the note here and explain why this note was required. Also, let us know if a contingent liability was recorded in conjunction with this note.