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    Principles of Accounting Study Set 1
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    Exam 11: Current Liabilities and Fair Value Accounting
  5. Question
    Which of the Following Is a Contingent Liability
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Which of the Following Is a Contingent Liability

Question 7

Question 7

Multiple Choice

Which of the following is a contingent liability?


A) Note payable with interest included in face amount
B) Excise tax payable
C) Property tax liability
D) Disputed additional tax assessment

Correct Answer:

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