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Which contingent liabilities are disclosed in financial repo

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Reference no: EM133011369

Problem 1: Contingent liabilities are disclosed in financial reports:

Select one:

a. in the liability section of the balance sheet.

b. in the financial expense section of the income statement.

c. in footnotes to the reports.

d. as deductions from the asset accounts they relate to.

Reference no: EM133011369

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