on demand for all contingent liabilities in such sum as the Lender may in its absolute discretion consider adequate (provided that the Borrower shall not be called upon to make cash cover in excess of the maximum amount of such contingent liability where such liability is quantifiable at the ...
con•tin•gent/kənˈtɪndʒənt/USA pronunciationadj.[be+~+on] dependent on something else; conditional:The plans for an outdoor wedding were contingent on the weather. n.[countable] a group of soldiers, ships, etc., assembled to help a larger force:His contingent was sent...
Importance of contingent liabilities in assessing fiscal performance; Accumulation of hidden liabilities as a result of deliberate use of guarantees and other forms of off-budget support by the government; Impact of contingent liability on the economy....
Accounting challenges for contingent consideration: Equity vs. liability A big challenge presented by contingent consideration is determining if it should be carried on the acquirer’s books going forward as equity or a liability. This is a critical decision because the buyer’s subsequent income duri...
Learn about contingent workers, who are people who are not directly employed by a company but are hired to work on a temporary or contract basis.
lthough in the past the government won a number of important victories in its ongoing attempt to stop abusive tax transactions, it has continued to lose on contingent liability transactions. Recently, however, the Court of Appeals for the Federal Circuit reversed a lower court decision that may ...
Practicing Canadian auditors responded to a case describing an auditor-client dispute over disclosure of a contingent liability. Various factors such as ... C Emby,RA Davidson - 《Journal of International Accounting Auditing & Taxation》 被引量: 72发表: 1998年 Reflections on independence in nurse ...
A contingent guarantee is a guarantee of payment made by a third party guarantor to the seller or provider of a product or service if the buyer cannot pay. If it is likely to become a confirmed obligation, an accountant should record a contingent liability on a balance sheet. ...
117 TC No.4, the Tax Court held that a corporation was not entitled to a business expense deduction for the payment of a contingent liability assumed as part of an asset acquisition. Rather, the company had to capitalize what it paid to satisfy the liability, adding that amount to the ...
3. When the bank converts the CoCo to shares, it may remove the value of the debt from theliabilityside of its balance sheet. This bookkeeping change allows the bank to underwrite additional loans. 4. The security has no end date at which time theprincipalmust return to investors. If th...