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    Accounting Study Set 1
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    Exam 11: Current Liabilities and Payroll
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    If a Business Knows That a Liability Exists but Does
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If a Business Knows That a Liability Exists but Does

Question 184

Question 184

True/False

If a business knows that a liability exists but does not know the exact amount,the business must estimate the amount of the liability and report it on the balance sheet.

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