Ask Experts Questions for FREE Help !
Ask
    MARIE1469's Avatar
    MARIE1469 Posts: 2, Reputation: 1
    New Member
     
    #1

    Nov 7, 2010, 06:12 PM
    Why would a company prefer not to disclose its contingent liabilities
    Why would a company prefer not to disclose its contingent liabilities
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
     
    #2

    Nov 8, 2010, 06:39 PM

    If you are trying to get a loan you may not want to list all of your liabilities because if you do list them you may not get the loan you need.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Contingent Liability & Assest [ 2 Answers ]

Dear All, What it is the meaning of the Contingent liability & Assest. Where it will appear in the balance sheet?

Loan contingent on employment? [ 2 Answers ]

I got a personal loan with a hospital and the contract stated that in the event of being fired, or quiting I would have to pay the money back in full. Well when I got of Lpn school the company did not hire me even though this is what was stated in the contract and now 4 years later when I appy for...

Contingent liabilities [ 1 Answers ]

Where do you place continget liabilities in balance sheet?


View more questions Search