Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Neither of these show up either on a balance sheet or cash flow statement. If a contingent liability is probable, you have to record it as a liability per GAAP.


Oh. Then what's the effect of the growing pile of unredeemed non-expiring gift vouchers that companies issue? Is there a little asterisk next to liabilities saying "but don't worry, we're sure we'll never have to pay this"?




Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: