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    Auditing and Assurance Services
  4. Exam
    Exam 12: Completing the Audit
  5. Question
    Contingent Liabilities Are Liabilities That May Arise in the Future
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Contingent Liabilities Are Liabilities That May Arise in the Future

Question 43

Question 43

True/False

Contingent liabilities are liabilities that may arise in the future based on an event that may have occurred in the current year.

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