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  3. Study Set
    Financial Accounting Information for Decisions
  4. Exam
    Exam 9: Reporting and Analyzing Current Liabilities
  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 139

Question 139

True/False

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

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