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    Financial Accounting
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    Exam 9: Current Liabilities and Long-Term Debt
  5. Question
    A Known Obligation of an Unknown Amount Is A(n)
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A Known Obligation of an Unknown Amount Is A(n)

Question 73

Question 73

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:

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