Question: obligation that involves an existing condition for which the outcome is not known with certainty and depends upon me event that will occur in the

obligation that involves an existing condition for which the outcome is not known with certainty and depends upon me event that will occur in the future is a called a(n)
a) unearned revenue.
b) conditional liability.
c) contingent liability.
d) current liability.
obligation that involves an existing condition

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