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Which of the following is normally treated as a contingent liability? Statement I - The corporation tax liability for the reporting period Statement II -

Which of the following is normally treated as a contingent liability? Statement I - The corporation tax liability for the reporting period Statement II - Claim for damages by a customer, where the reporting company believes the customer will be unsuccessful Statement III - An electricity invoice for the final quarter of the reporting period that has not been received by the year-end Select one: a. Statement II only b. Statement I only c. Statement I, II and III d. Statement II and

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