Question: Question 16 (2 points) A contingent liability should be recorded in the accounts if it is that the contingency will occur and the amount

Question 16 (2 points) A contingent liability should be recorded in the accounts if it is that the contingency will occur and the amount

Question 16 (2 points) A contingent liability should be recorded in the accounts if it is that the contingency will occur and the amount can be Question 17 (1 point) The ratio specifies the basis for sharing income and losses in a partnership. Question 18 (1 point) The employer incurs a payroll tax expense equal to the amount contributed by each employee for taxes.

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