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What Is a Contingent Liability? Provide Two Examples of Contingencies

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Essay

What is a contingent liability? Provide two examples of contingencies.


Definitions:

Supporting Ideas

The concepts or arguments that help to elaborate, explain, or strengthen a main idea or thesis.

Branching Map

A diagram or tool used for organizing and displaying complex information, showing various paths and outcomes.

Annotating

The act of adding notes or comments to a text or document to provide explanation or commentary.

Underlining

A technique used to emphasize key parts of a text.

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