What type of liabilities are these called? Discuss the guidelines for handling these types of liabilities.
Do you agree with how these are handled? If yes, then why? If not, then what would you recommend FASB do differently?
Should potential gains be treated identically to potential liabilities, why or why not?
Provide specific details to support your opinion in your response.
This question was asked on Jan 14, 2013 and answered on Jan 15, 2013.
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