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  3. Study Set
    Principles of Financial Accounting Study Set 1
  4. Exam
    Exam 10: Current Liabilities
  5. Question
    A Future Commitment Is NOT Considered a Liability Unless a Present
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A Future Commitment Is NOT Considered a Liability Unless a Present

Question 2

Question 2

True/False

A future commitment is NOT considered a liability unless a present obligation also exists.

Correct Answer:

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