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 ...

Vancouver, British Columbia--(Newsfile Corp. - July 30, 2020) - CASCADERO COPPER CORPORATION (TSXV: CCD) (the "Company") announced today that, in the process of conducting due diligence by the new ...

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 ...

Investors usually do not lose sleep over contingent liabilities mentioned in balance sheets of financial entities, as they are unavoidable in the regular course of business. A contingent liability (CL ...

lthough in the past the government won a number of important victories in its ongoing attempt to stop abusive tax transactions, it has continued to lose on contingent liability transactions. Recently, ...

A liability is a financial obligation or debt owed. Liabilities are key elements on every company’s balance sheet, and therefore, important to stock and bond investors. Learn more. In finance and ...

If a firm has received goods from a supplier, along with an invoice that remains unpaid when the balance sheet is drawn up at, say, 31 December, the amount outstanding is recorded as a straightforward ...

The devil is in the details. Contingent liability, which is outside the scope of the balance sheet and profit and loss account of a company, is on the rise. Data compiled by Moneycontrol reveals that ...

Cansortium Inc. CNTMF TIUM, a vertically-integrated cannabis company operating under the Fluent brand, announced that, pursuant to a third amendment dated December 21, 2022 to an existing agreement ...

Shares of Tata Steel Ltd fell over 5 per cent in Friday's trade, in addition to a 1.4 per cent drop in the previous session, amid concerns over a Rs 17,300 crore contingent liability, even as analysts ...