Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter706 Motor Carriers |
UNIFORM SYSTEM OF ACCOUNTS FOR TAXICAB COMPANIES |
General Provisions |
NAC706.585. “Contingent liabilities” defined.
Latest version.
- “Contingent liabilities” means items which may, under certain conditions, become obligations of the company but which are neither direct nor assumed liabilities at the date of the balance sheet.
[Taxicab Auth., Uniform System of Accounts Reg. Definitions § 10, eff. 12-24-70]