Company to record contingencies in their financial statement

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Reference no: EM131284810

From a general standpoint, why is it important for a company to record contingencies in their financial statements? What accounting principles does this approach apply to?

Reference no: EM131284810

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Company to record contingencies in their financial statement : From a general standpoint, why is it important for a company to record contingencies in their financial statements? What accounting principles does this approach apply to?

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