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Contingent asset usually arises from unplanned or unexpected events that give rise toa)The possibility of an inflow of economic benefits to the business entity.b)The possibility of an outflow of economic benefits to the business entity.c)Either (a) or (b)d)None of the above.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Contingent asset usually arises from unplanned or unexpected events that give rise toa)The possibility of an inflow of economic benefits to the business entity.b)The possibility of an outflow of economic benefits to the business entity.c)Either (a) or (b)d)None of the above.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Contingent asset usually arises from unplanned or unexpected events that give rise toa)The possibility of an inflow of economic benefits to the business entity.b)The possibility of an outflow of economic benefits to the business entity.c)Either (a) or (b)d)None of the above.Correct answer is option 'A'. Can you explain this answer?.

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