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  3. Study Set
    Fundamental Accounting Principles Study Set 1
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    Exam 11: Current Liabilities and Payroll Accounting
  5. Question
    Contingent Liabilities Are Recorded in the Accounts If the Future
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Contingent Liabilities Are Recorded in the Accounts If the Future

Question 82

Question 82

Short Answer

Contingent liabilities are recorded in the accounts if the future event is ________ and the amount owed can be ________.

Correct Answer:

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probable; ...

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