ACC 422 Week 4 DQ 2 Click Here to Buy the Tutorial http://www.uophelp.com/ACC-422-/product-1640-ACC-422-Week-4-DQ-2 For more course tutorials visit www.uophelp.com Week 4 â€“ DQ 2 What is a contingency? Why are contingencies important to users of financial statements? What are the criteria for recording contingencies? Should companies record a liability for threatened litigation? Explain why or why not.