A contingent liability should be recorded in the accounts if it is ______________ that the contingency will occur and the amount is ______________.

Name: A contingent liability should be recorded in the accounts if it is ______________ that the contingency will occur and the amount is ______________.
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The Answer of A contingent liability should be recorded in the accounts if it is ______________ that the contingency will occur and the amount is ______________.

A Contingent Liability Should Be Recorded in the Accounts If