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  3. Study Set
    Fundamental Accounting Principles Study Set 1
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    Exam 11: Current Liabilities and Payroll Accounting
  5. Question
    Contingent Liabilities Are Recorded or Disclosed Unless They Are
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Contingent Liabilities Are Recorded or Disclosed Unless They Are

Question 194

Question 194

Multiple Choice

Contingent liabilities are recorded or disclosed unless they are:


A) Possible and estimable.
B) Probable and not estimable.
C) Probable and estimable.
D) Remote.
E) Reasonably possible.

Correct Answer:

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