Question: A contingent liability is: Multuple Choice Always of a specific amount. A potertial obligation that depends on a future event arising from a past transaction

A contingent liability is:
Multuple Choice
Always of a specific amount.
A potertial obligation that depends on a future event arising from a past transaction or event.
An obligation that will never require a future payment.
An obiliaation arisino from the ourchase of ooods or services on credit.
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A contingent liability is: Multuple Choice Always

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