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    Financial Accounting
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    Exam 9: Current Liabilities and Long-Term Debt
  5. Question
    Contingent Liabilities May Be Classified As
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Contingent Liabilities May Be Classified As

Question 159

Question 159

Multiple Choice

Contingent liabilities may be classified as:


A) current liabilities only.
B) long-term liabilities only.
C) notes in the financial statements only.
D) either current or long-term liabilities.

Correct Answer:

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