A contingent liability is a potential cost a company may or may not incur in the future. A contingent liability could be a guarantee on a debt to another entity, a lawsuit, a government probe, or even ...

Accruing a likely contingent liability is part of responsible earnings management. Although you aren't likely to find the term "earnings management" in an accounting dictionary, the American Institute ...

It often is difficult to determine the existence of a contingent liability. Even when the potential liability is known, it’s not easy to correctly value it. Failure to properly consider the tax impact ...

A CORPORATION THAT IS SOLD OR RESTRUCTURED faces significant uncertainty about how the government will tax contingent liabilities such as environmental, tort and similar obligations. This is ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Contingent liabilities have gained prominence in the analysis of public finance. Indeed, history is full of episodes in ...

ISLAMABAD, June 4: Contingent liabilities (both explicit and implicit) have increased by 25 per cent to Rs95 billion during the current fiscal year from Rs75.9 billion last year, reveals Economic ...

Budgets can be full of surprises. And not always good ones. Often times, debt increases significantly because an unforeseen obligation materializes. These contingent liabilities, as they are known in ...

TORONTO, ONTARIO--(Marketwire - July 30, 2012) - Rex Opportunity Corp. (the "Company") announces it has entered into a contingent liability indemnity agreement (the "Agreement") with Turtle & Star ...

ISLAMABAD, June 5: Pakistan’s explicit and implicit contingent liabilities are projected to cross Rs75 billion during the year 2003-04 that could pose a budgetary gap of 1.34 per cent of GDP. This ...

When a disaster occurs, a country's financial obligations are triggered to repair the damage that has occurred. These obligations are called contingent liabilities. To understand more about the ...