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    Fundamental Accounting Principles Study Set 5
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    Exam 11: Current Liabilities and Payroll Accounting
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    Liabilities
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Liabilities

Question 45

Question 45

Multiple Choice

Liabilities:


A) Must be certain.
B) Must sometimes be estimated.
C) Must be for a specific amount.
D) Must always have a definite date for payment.
E) Must involve an outflow of cash.

Correct Answer:

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