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Indicate with an "X" Whether Each Description Results in the Reporting

Question 34

Essay

Indicate with an "X" whether each description results in the reporting of a definitely determinable liability,an estimated liability or neither on the company's balance sheet.Assume a December 31,2011 yearend.
Indicate with an  X  whether each description results in the reporting of a definitely determinable liability,an estimated liability or neither on the company's balance sheet.Assume a December 31,2011 yearend.

Correct Answer:

verifed

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1.Definitely determinable;
2....

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