Access the FASB Accounting Standards Codification at the FASB website Required:
a. Obtain the relevant authoritative literature on recognition of contingent losses. What is the specific citation that describes the guidelines for determining when an expense and liability should be accrued for a contingent loss?
b. List the guidelines.

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

88 this time can i be brainliest

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ell really, the setting was in franklin and lincoln visits franklin even after he moved to columbus, and he went to school