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  3. Study Set
    Intermediate Accounting Study Set 5
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    Exam 3: The Balance Sheet and Notes to the Financial Statements
  5. Question
    Pending Litigation Would Generally Be Considered A(n)
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Pending Litigation Would Generally Be Considered A(n)

Question 14

Question 14

Multiple Choice

Pending litigation would generally be considered a(n)


A) nonmonetary liability.
B) contingent liability.
C) estimated liability.
D) current liability.

Correct Answer:

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