Define a constructive obligation? When does such an obligation arise?

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Intermediate Accounting

ISBN: 978-0071339476

Volume 1, 6th Edition

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

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Question Posted: Feb 17, 2015 07:43 AM

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Define a constructive obligation? When does such an obligation arise?

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A constructive obligation is a liability of uncertain timing and am...View the full answer

Intermediate Accounting

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