Question
Contingent Liabilities must have the following criteria (select all that apply): A) The obligation is certain to require payment at some point in the future.
Contingent Liabilities must have the following criteria (select all that apply):
A) The obligation is certain to require payment at some point in the future.
B) The obligation will probably require payment at some point in the future.
C) The obligation is estimable.
D) The obligation will possibly require payment at some point in the future.
E) None of the above
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
