Which of the following would NOT be shown as a contingent liability?
A) estimated future cost of providing superannuation for work already carried out by employees
B) a dispute with the taxation department where legal advice suggests that the company will win the dispute
C) a company providing a guarantee to a lender for a loan taken out by a subsidiary company where a default on the loan is very unlikely
D) company defending a claim for unspecified damages where the amount of the claim cannot be reliably measured.
Correct Answer:
Verified
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A) cash increases.
B) an
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