Question: Knowledge Check 0 1 A contingent liability: Is only remotely possible. cannot be estimated. will result from a future event. is a potential liability that

Knowledge Check 01
A contingent liability:
Is only remotely possible.
cannot be estimated.
will result from a future event.
is a potential liability that has arisen because of a past event or transaction.
will only result when a remote event becomes probable.
is remotely estimable and probable.
Prey
16
17
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Score answer
Knowledge Check 0 1 A contingent liability: Is

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