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Debt guarantees are: Multiple Choice Never disclosed in the financial statement notes. Considered to be contingent liabilities. A bad business practice. Recorded as liabilities even

Debt guarantees are:

Multiple Choice

Never disclosed in the financial statement notes.

Considered to be contingent liabilities.

A bad business practice.

Recorded as liabilities even though it is highly unlikely that the original debtor will default.

Considered to be an unearned revenue.

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