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All of the following statements regarding uncertainty in liabilities are true except Multiple Choice O A company can have an obligation of a known amount

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All of the following statements regarding uncertainty in liabilities are true except Multiple Choice O A company can have an obligation of a known amount to a known creditor but not know when it must be paid. O Liabilities can involve uncertainty in whom to pay A company can be aware of an obligation but not know how much will be required to settle it A company only records liabilities when it knows whom to pay, when to pay, and how much to pay. Without all three, a liability Cannot he needed

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