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Identify and describe the type of business or organization you will be discussing. Discuss two examples of current liabilities that your business or organization might

Identify and describe the type of business or organization you will be discussing.
Discuss two examples of current liabilities that your business or organization might have. Please be specific.
List one example of an estimated liability and one example of a contingent liability that your business or organization has or might have. Explain why it is estimated or contingent.
How will these liabilities affect the financial statements?

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