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    Fundamentals of Financial Accounting Study Set 4
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    Exam 10: Liabilities
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    Which of the Following Would Not Be Considered a Contingent
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Which of the Following Would Not Be Considered a Contingent

Question 114

Question 114

Multiple Choice

Which of the following would not be considered a contingent liability?


A) Products sold with a warranty.
B) Pending lawsuits.
C) Frequent flyer miles earned by passengers.
D) Advance ticket sales.

Correct Answer:

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