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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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