All of the following are true of known liabilities except:
A)Include accounts payable,notes payable,and payroll.
B)Are obligations set by agreements,contracts,or laws.
C)Are measurable.
D)Are definitely determinable.
E)May depend on some future event occurring.

Question

Quizplus · Accepted Answer

Known liabilities are obligations that are certain and measurable, not dependent on future events.

All of the Following Are True of Known Liabilities Except