Question: The two basic characteristics of estimated liabilities are: Select one: a. Probable and reasonably estimated. b. Known to exist and amount unable to be determined

The two basic characteristics of estimated liabilities are:

Select one:

a. Probable and reasonably estimated.

b. Known to exist and amount unable to be determined until a later date.

c. Probable and non-interest bearing.

d. Known to exist and interest bearing.

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