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    Intermediate Accounting Study Set 6
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    Exam 13: Current Liabilities and Contingencies
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    Conceptually, All Liabilities Should Be Reported on the Balance Sheet
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Conceptually, All Liabilities Should Be Reported on the Balance Sheet

Question 89

Question 89

Multiple Choice

Conceptually, all liabilities should be reported on the balance sheet at


A) the present value of the future outlays they require
B) their maturity value
C) face amount
D) their current cash equivalent amount

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