The two basic characteristics of estimated liabilities are:
A)Probable and reasonably estimated.
B)Known to exist and amount unable to be determined until a later date.
C)Probable and non-interest bearing.
D)Known to exist and interest bearing.

Question

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The Answer of The two basic characteristics of estimated liabilities are:
A)Probable and reasonably estimated.
B)Known to exist and amount unable to be determined until a later date.
C)Probable and non-interest bearing.
D)Known to exist and interest bearing.

The Two Basic Characteristics of Estimated Liabilities Are