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VCU Disclosure of Pending Litigations in Contingencies Questions
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I’m working on a accounting writing question and need a sample draft to help me learn.
There are three different types of contingencies. They are loss contingencies that are (a) probable that loss had been sustained, (b) reasonably possible that a loss had been sustained, and (c) have remote possibility of being realized.
For this week’s assignment, you will look at the notes to the financial statements included in the annual report (10-K) of two public companies, Microsoft and Tesla, to find their disclosure of contingencies.
