Liabilities for which exact terms are not precisely known and cannot be determined until future events...
Liabilities for which exact terms are not precisely known and cannot be determined until future events occur are:
Select one:
a. non-determinable liabilities
b. determinable liabilities
c. judicable liabilities
d. deductive liabilities
Homework Answers
some company liabilities exist for which the exact terms are not precisely known and cannot be determined until future events occur. These unknown liabilities are also referred to as non-determinable liabilities.
As per above definition , the correct option is A.
Option b is determinable liabilities for which the exact values are known.
Option c and d also include those liabilities for which amount is known.
Therefore option b , c and d are incorrect.
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