Imagine that you own or work for a business as you discuss the following information Identify and
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Question:
Imagine that you own or work for a business as you discuss the following information
- 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 estimatedliability and one example of acontingent 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?
Be sure to support your responses with credible sources
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