Multiple Choice
A known obligation of an unknown amount is a(n) :
A) contingent liability.
B) estimated liability.
C) known liability.
D) accrued liability.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q68: Which of the following is NOT a
Q69: When a company issues bonds, what are
Q70: A company will want a lower interest
Q71: A company that cosigns on a loan
Q72: Which of the following would NOT be
Q74: Sales tax liabilities are classified as long-term
Q75: Bonds from the same bond issue that
Q76: The journal entry to record $230,000 of
Q77: TNT Construction had cash sales for the
Q78: Even liabilities of unknown amounts are required