Known liabilities are agreements,contracts,or laws that are measurable and have little uncertainty.

Name: Known liabilities are agreements,contracts,or laws that are measurable and have little uncertainty.
Brand: Quizplus
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Known liabilities refer to definite, measurable obligations that have little to no uncertainty as to their amount, timing, or occurrence. This can include things like outstanding loans, accounts payable, or wages and benefits owed to employees.

Known Liabilities Are Agreements,contracts,or Laws That Are Measurable and Have