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11) An estimated liability: A) Is an unknown liability of a certain amount. B) Is a known obligation of an uncertain amount that can be
11) An estimated liability: A) Is an unknown liability of a certain amount. B) Is a known obligation of an uncertain amount that can be reasonably estimated. C) Is a liability that may occur if a future event occurs. D) Can be the result of a lawsuit. E) Is not recorded until the amount is known for certain
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