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    Financial Accounting Study Set 1
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    Exam 9: Current Liabilities and Long-Term Debt
  5. Question
    Does the Amount of an Obligation Need to Be Known
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Does the Amount of an Obligation Need to Be Known

Question 82

Question 82

Essay

Does the amount of an obligation need to be known in order for a liability to exist? Explain.

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The amount of an obligation does not nee...

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