Question: Current liabilities fall into two categories which are referred to as: a. Contingent liabilities and contra-liabilities b. Contingent liabilities and non-contingent liabilities c unearned liabilities

Current liabilities fall into two categories which are referred to as: a. Contingent liabilities and contra-liabilities b. Contingent liabilities and non-contingent liabilities c unearned liabilities and contra-liabilities d. Liabilities of a known amount and estimated liabilities

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