Match the Following Columns: a. Recording of a contingent liability. 1. An IOU promising to repay the

Match the Following Columns:

 

 

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a. Recording of a contingent liability. 1. An IOU promising to repay the amount borrowed plus interest. 2. Payment amount is reasonably possible and can be reasonably estimated b. Unearned revenues. c. The riskiness of a business's obligations. 3. Mixture of liabilities and equity a business uses. 4. Payment amount is probable and can be reasonably d. Disclosure of a estimated. contingent liability 5. A liability that requires the sacrifice of something other e Interest on debt. than cash. 6. Long-term debt maturing within one year f Payroll taxes 7. FICA and FUTA g.Line of credit 8 Informal agreement that pemits a company to borrow up to a prearranged limit h Capital structure a. Recording of a contingent liability. 1. An IOU promising to repay the amount borrowed plus interest. 2. Payment amount is reasonably possible and can be reasonably estimated b. Unearned revenues. c. The riskiness of a business's obligations. 3. Mixture of liabilities and equity a business uses. 4. Payment amount is probable and can be reasonably d. Disclosure of a estimated. contingent liability 5. A liability that requires the sacrifice of something other e Interest on debt. than cash. 6. Long-term debt maturing within one year f Payroll taxes 7. FICA and FUTA g.Line of credit 8 Informal agreement that pemits a company to borrow up to a prearranged limit h Capital structure

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Answer Explanation The correct match is as follows No Term i Note pay... View the full answer