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  3. Study Set
    Principles of Accounting Study Set 1
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    Exam 11: Current Liabilities and Fair Value Accounting
  5. Question
    A Contingent Liability Is a Liability That May Materialize in the Future
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A Contingent Liability Is a Liability That May Materialize in the Future

Question 9

Question 9

True/False

A contingent liability is a liability that may materialize in the future because of something that happened in the past.

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