21.An estimated liability: Select one: a. Is an unknown liability of a certain amount. b. Is a...
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Question:
21.An estimated liability:
Select one:
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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