Match the following terms with the appropriate definition.
-Obligations whose amounts, timing, or recipient depend on future events
A)Accrued liabilities
B)Contingent liabilities
C)Current liabilities
D)Interest rate
E)Liabilities
F)Payroll taxes
G)Sales taxes
H)Warranty
I)Withholdings

Question

Quizplus · Accepted Answer

Contingent liabilities are obligations whose amounts, timing, or recipient depend on future events.

Match the Following Terms with the Appropriate Definition