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>> If a company has contingent liabilities, they appear in the__________?
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Q. If a company has contingent liabilities, they appear in the__________?
a.
Balance Sheet
b.
Directors‘ report
c.
Notes on account to Balance Sheet
d.
Chairman‘s report
ANSWER: Notes on account to Balance Sheet
Answer & Explanation
Contingent liabilities are disclosed in the notes to Balance Sheet
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