How should a company handle contingent liabilities

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Problem 1: What is a warranty and when businesses record warranty expense, and why.?

Problem 2: What are contingent liabilities. How should a company handle contingent liabilities that are reasonable, possible, or probable but cannot be estimated?

Problem 3: Would Walmart inc. be considered an optimal analysis and would it be a good investment? Why or why not?

Reference no: EM132627821

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