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  3. Study Set
    Fundamental Accounting Principles Study Set 1
  4. Exam
    Exam 11: Current Liabilities and Payroll Accounting
  5. Question
    A Liability Is a Probable Future Payment of Assets or Services
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A Liability Is a Probable Future Payment of Assets or Services

Question 17

Question 17

True/False

A liability is a probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events.

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