Question: Contingent Liability is _____________________. A . An unascertained liability but its amount and due date are indeterminate. B . An unascertained liability but its amount

Contingent Liability is _____________________.

A. An unascertained liability but its amount and due date are indeterminate.

B. An unascertained liability but its amount and due date are determinate

C. An ascertained liability but its amount and due date are determinate

D. An ascertained liability but its amount and due date are interminate

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