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Uncertainties such as natural disasters are: Multiple Choice Not contingent liabilities because they are future events not arising from past transactions or events. Contingent liabilities
Uncertainties such as natural disasters are:
Multiple Choice
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Not contingent liabilities because they are future events not arising from past transactions or events.
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Contingent liabilities because they are future events arising from past transactions or events.
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Disclosed because of their usefulness to financial statements.
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Estimated liabilities because the amounts are uncertain.
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Reported in the same way as debt guarantees.
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