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QUESTION 1 2 Which one of the following types of liabilities represents an existing situation involving uncertainty as to possible gain or loss that will

QUESTION 12
Which one of the following types of liabilities represents an existing situation involving uncertainty as to possible gain or loss that will ultimately be resolved when one or more futur events occur or fail to occur?
Deferred credits
Constructive obligations
Equitable obligations
Contingent liabilities
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