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Please do not answer discussion questions from books or other sources because the goal of this questions to discuss it and use your own words.

Please do not answer discussion questions from books or other sources because the goal of this questions to discuss it and use your own words.

1. What is the difference between a current and a non-current liability?

2. Why are warranty liabilities usually recognized on the balance sheet as liabilities even when they are uncertain?

3. What are the three important questions concerning the certainty of liabilities?

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