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Explain the meaning of the terms contingent liabilities and provisions as they relate to U.S.GAAP and IFRS?
Obscuring
The act of making something unclear or difficult to understand, often by covering it up or disguising the true nature of the information.
Bad News
Information or feedback that is unwelcome or unpleasant, often related to negative outcomes or situations.
Negative Message
A communication that conveys bad news, rejection, or feedback that might not be favorable to the recipient.
Close
The final part or conclusion of something, such as a deal, conversation, or document.
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