Reporting Contingent Liabilities
Where are contingent liabilities typically disclosed on the balance sheet?
A
Footnotes
B
Assets
C
Owner's equity
D
Net worth
E
Liabilities
clep.ai501(c)(3) non-profit • UBI: 606234803 • EIN: 42-2740810clep.ai501(c)(3) non-profit • UBI: 606234803 • EIN: 42-2740810Where are contingent liabilities typically disclosed on the balance sheet?
Footnotes
Assets
Owner's equity
Net worth
Liabilities