Listed below are several terms and phrases associated with current liabilities. Pair each item in the first column (by number) with the item in the second column that is most appropriately associated with it. 
Correct Answer:
Verified
Q3: The employer is required to match the
Q24: The acid-test ratio,or quick ratio,is similar to
Q25: If the likelihood of a loss is
Q30: The balance in the Warranty Liability account
Q31: If the likelihood of loss is remote,disclosure
Q32: We record gain contingencies when the gain
Q38: The journal entry to record a contingent
Q39: Regarding a contingent liability,when no amount within
Q40: A gain contingency is an existing uncertain
Q42: The current ratio is calculated by dividing
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