Question: Match the correct reporting method for each of the items listed below. 1 . Accounts payable . 2 . A contingent liability that is probable
Match the correct reporting method for each of the items listed below.
Accounts payableA contingent liability that is probable of occurring within one year of the balance sheet date and is reasonably estimableA contingent liability that is reasonably possible of occurring within one year of the balance sheet date and is reasonably estimableCurrent portion of longterm debtSales tax collected from customers.
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