A liability is a known obligation of either a definite or an estimated amount. Explain.

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Financial Accounting

ISBN: 978-0078111020

7th Edition

Authors: LibbyShort

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Question Posted: Dec 12, 2011 09:43 AM

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A liability is a known obligation of either a definite or an estimated amount. Explain.

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Most debts specify a definite amount that is due at a spe...View the full answer

Financial Accounting

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