Question: Select the best answer to complete the following statement: An expense and a liability are accrued for profit - sharing or bonus plans only

Select the best answer to complete the following statement: "An expense and a liability are accrued for profit-sharing or bonus plans only if (1) the company has a present legal or Blank______ to make such payments as a result of past events, (2) the amount can be reliably Blank______."
Multiple choice question.
constructive obligation, accrued
constructive obligation, estimated
constructive right, estimated
constructive right, accrued

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