Many firms believe that it is very difficult to estimate, Financial Management

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Many firms believe that it is very difficult to estimate

Many firms believe that it is very difficult to estimate the amount of a possible future contingency. Should a contingent liability be reported even when the dollar amount of the loss is not known? Should it be disclosed in the notes to financial statements? Explain.

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Financial Management: Many firms believe that it is very difficult to estimate

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Financial Management: Many firms believe that it is very difficult to estimate

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