An obligation dependent upon an event that has not yet occured is an example of?

A. Contingent Liability

B.Accrued Liability

C.Known Libility

D. Estimated Libility

A companyy signs a note payable for $3,500 at 9% for 45 days. How much interest ( to the nearst cent) will the company owe using a 360-day year?

Utilize the ______ principle to estimate warrenty Liabilities