Gain Contingency

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Definitions
Contingent Gain
Contingent Gain Economic Benefit Contingent Asset Accounting Financial Reporting Gain Contingency Contingencies
A contingent gain is an economic benefit that may be realized when a favorable event occurs, though it is not guaranteed and depends on future uncertainties.
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Definitions
Gain Contingency
Gain Contingency Accounting Financial Reporting Conservative Accounting Future Gains Disclosure
Gain Contingency refers to a potential or pending development that may result in a future gain to the company, such as a successful lawsuit against another company.
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