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    Business
  3. Study Set
    Accounting
  4. Exam
    Exam 11: Current Liabilities and Payroll
  5. Question
    Obligations That Depend on Past Events and That Are Based
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Obligations That Depend on Past Events and That Are Based

Question 18

Question 18

True/False

Obligations that depend on past events and that are based on future possible events are contingent liabilities.

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