Contingent liabilities occur when the liability is
A) Probable and can be reliably estimated
B) Cannot be reliably estimated
C) Known and determinable
D) Reliably estimated
E) All of these
Correct Answer:
Verified
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B)are contingent liabilities.
C)become
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A)credit
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A)contingent liabilities.
B)estimated
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A)Is an unknown liability of
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