Question: In order to be reported, liabilities: Multiple Choice 3 : 2 4 Are at times estimated if the exact amount is not known. Must have

In order to be reported, liabilities:
Multiple Choice
3:24
Are at times estimated if the exact amount is not known.
Must have certainty in exactly whom to pay.
Must be of a known amount.
Will always require a future outflow of cash.
Always have a definite date for payment.
In order to be reported, liabilities: Multiple

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