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  3. Study Set
    Intermediate Accounting Study Set 3
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    Exam 4: Statements of Financial Position and Changes in Equity; Disclosure Notes
  5. Question
    Liabilities Such as Contingent Liabilities That Are Not Probable, or Are
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Liabilities Such as Contingent Liabilities That Are Not Probable, or Are

Question 62

Question 62

True/False

Liabilities such as contingent liabilities that are not probable, or are probable but not measurable, do not qualify for recognition in the financial statements.

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