Question: A contingent liability is OA) a potential liability, and is journalized if the liability is both probable and the amount can be reasonably etimated. OB)

A contingent liability is OA) a potential liability, and is journalized if the liability is both probable and the amount can be reasonably etimated. OB) a potential liability, and is not journalized until the liability becomes certain. OC) shown in the long-term liability section of the balance sheet. OD) shown in the current liability section of the balance sheet. com FOTOA SEONG

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