Uncertain Gains

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August 31, 2024 4 min read Definitions
Contingent Asset: Potential Future Benefits
Finance Accounting Contingent Asset Financial Statements Accounting Principles Assets Uncertain Gains
A Contingent Asset is an asset for which the pay-off depends upon future events that are not under the control of the company holding the asset. These assets are not included on the company's balance sheet but do appear in the financial statement notes.
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