Examlex
Which of the following components is not used when estimating the cost of risky debt capital?
Accrued Liability
Expenses that have been incurred but not yet paid for, recognized in the financial statements under the accrual basis of accounting.
Contingent Liability
A potential obligation that may arise from a past event, the outcome of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events.
Financial Statements
Reports that provide an overview of a company's financial condition, including balance sheet, income statement, and cash flow statement.
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