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  3. Study Set
    Fundamental Accounting Principles Study Set 6
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    Exam 11: Current Liabilities and Payroll Accounting
  5. Question
    Contingent Liabilities Are Recorded or Disclosed Unless They Are
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Contingent Liabilities Are Recorded or Disclosed Unless They Are

Question 100

Question 100

Multiple Choice

Contingent liabilities are recorded or disclosed unless they are:


A) Probable and estimable.
B) Remote.
C) Reasonably possible.
D) Probable and not estimable.
E) Possible and estimable.

Correct Answer:

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