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Answer the following as true or false, then select the correct multiple-choice answer. If a contingent liability is both probable and estimable, it should be

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Answer the following as true or false, then select the correct multiple-choice answer. If a contingent liability is both probable and estimable, it should be recorded as a liability on the balance sheet. The normal balance of a discount account is a debit. False, True True, True True, False False, False

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