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    Financial and Managerial Accounting Study Set 8
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    Exam 10: Liabilities
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    A Commitment,such as a Contract to Pay a Baseball Player
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A Commitment,such as a Contract to Pay a Baseball Player

Question 42

Question 42

True/False

A commitment,such as a contract to pay a baseball player $5,000,000 a year for five years,should be listed as a long-term liability.

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