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  3. Study Set
    Principles of Accounting
  4. Exam
    Exam 10: Current Liabilities and Fair Value Accounting
  5. Question
    A Commitment Is a Legal Obligation That Does Not Meet
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A Commitment Is a Legal Obligation That Does Not Meet

Question 91

Question 91

True/False

A commitment is a legal obligation that does not meet the technical requirements for recognition as a liability.

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