A contingent liability is a liability that may occur depending on the outcome of an uncertain future event. Contingent liabilities are recorded if the contingency is likely and the amount of the liability can be reasonably estimated. The liability may be disclosed in a footnote on the financial s...
A contingent liability is a liability that may occur depending on the outcome of an uncertain future event. Contingent liabilities are recorded if the contingency is likely and the amount of the liability can be reasonably estimated. The liability may be disclosed in a footnote on the financial s...
A contingent liability is aliabilitythat may occur depending on the outcome of an uncertain future event. Contingent liabilities are recorded if the contingency is likely and the amount of the liability can be reasonably estimated. The liability may be disclosed in a footnote on the financial state...
A contingent liability is a liability that may occur depending on the outcome of an uncertain future event. Contingent liabilities are recorded if the contingency is likely and the amount of the liability can be reasonably estimated. The liability may be disclosed in a footnote on the financial s...
Example of a Contingent Liability 或有负债示例 Assume that a company is facing a lawsuit from a rival firm for patent infringement. The company’s legal department thinks that the rival firm has a strong case, and the business estimates a $2 million loss if the firm loses the case. Because...
美 英 un.或有负债 网络或然负债;临时负债;或有债务 英汉 英英 网络释义 un. 1. 或有负债 例句 释义: 全部,或有负债,或然负债,临时负债,或有债务 更多例句筛选
Apotentialliability dependent upon some future event occurring or not occurring. For example, a company is named as a defendant in a $1 million lawsuit. Does that mean the company automatically has a liability of $1 million? What if the lawsuit has no merit and can easily be defended? If...
What is a contingent liability?Liabilities:The second primary section of the balance sheet is liabilities. Liabilities are amounts owed to other entities for goods or services received. Liabilities may be current or long-term in nature. Current liabilities are those liabilities which will be paid ...
If Mike stops paying the loan at some point, then John’s contingent liability becomes an actual debt obligation, requiring him to make payments on Mike’s behalf.如果迈克在某一时刻停止还款,那么约翰的有条件负债就变成了实际的债务义务,需要他代表迈克进行还款。 更多全部...
Explicit Contingent Liability:the explicit contingent liability is the type of obligation that may arise to the government departments if any specific events occur. The example of this liability can be central bank liabilities, government guarantees, obligations that may arise from insurance schemes of ...