An asset in which the possibility of an economic benefit depends solely upon future events that can't be controlled by the company. Due to the uncertainty of the future events, these assets are not placed on the balance sheet. However, they can be found in the company's financial statement notes.
Dr Investment Cr Provision for contingent consideration
Improving the Philippine economy is contingent on industrialization and privatization of those industries. Outside investment is absolutely essential to this improvement.
what does a contingent mean on a bank statement.
(As an adjective, contingent can mean possible, accidental, or dependent. As a noun, contingent can mean part of a larger group or a quota.)(adjective) Your salary will be contingent on your performance as a supervisor.(noun) A contingent of troops arrived at the disaster site with medical supplies.
Gurkha Contingent was created in 1949.
Garuda Contingent was created in 1956.
Revolutionary Internationalist Contingent was created in 1986.
Natal Native Contingent was created in 1878.
We expect guidance on contingent assets later this month.
Contingent liabilities are not added to total liabilities but shown as a note to financial statements that these are the liabilities that are contingent on certain event
The squad of troops joined the platoon, therefore they are contingent with the platoon.
The cast of Contingent - 2004 includes: Jason Frohnmayer Rae Kraemer