The purpose of this study is to compare the diagnostic value of an abbreviated magnetic resonance imaging (MRI) protocol compared to ultrasound (or sonography) for screening of liver cancer. MRI uses magnetic waves to look at soft tissues in the body. Ultrasound uses high-frequency sound waves to produce precise images of soft tissues within the body. Researchers aim to determine whether abbreviated MRI is superior to ultrasound for screening and early detection of liver cancer. Participants in this study have chronic liver disease and are at risk of having primary liver cancer. They will be asked to undergo a contrast-enhanced MRI or ultrasound examination of the liver, in addition to clinical imaging, optional ultrasound elastography of the liver, blood test, and questionnaires.