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  2. Topic
    Business
  3. Study Set
    Accounting Chapters 1 23
  4. Exam
    Exam 10: Current Liabilities, Payroll, and Long-Term Liabilities
  5. Question
    A Contingent Liability That Will Probably Become an Actual Liability
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A Contingent Liability That Will Probably Become an Actual Liability

Question 34

Question 34

True/False

A contingent liability that will probably become an actual liability must be estimated and recorded as an expense.

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