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  2. Topic
    Business
  3. Study Set
    Using Financial Accounting
  4. Exam
    Exam 9: Current Liabilities, Contingencies, and the Time Value of Money
  5. Question
    A Contingent Liability Is Recorded If It Is Probable and Can
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A Contingent Liability Is Recorded If It Is Probable and Can

Question 145

Question 145

True/False

A contingent liability is recorded if it is probable and can be reasonably estimated.

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