WhyOmission Effects on F/S: Because liabilities are not recognized, net assets and equity are _______(aggressive...
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WhyOmission Effects on FS: Because liabilities are not recognized, net assets and equity are aggressive accounting In the period that a contingent liability arises, a liability originates, so net income is overstated.
WhyOmission Effects on FS: Because liabilities are not recognized, net assets and equity are aggressive accounting In the period that a contingent liability arises, a liability originates, so net income is overstated.
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