An Estimated Liability Is a Liability That Is Known to Exist

question 39

True/False

An estimated liability is a liability that is known to exist but whose amount and timing are uncertain.

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Definitions:

Passive Voice

A grammatical voice wherein the subject of the sentence is acted upon by the verb, often de-emphasizing the doer of the action.

Problem

A situation, question, or issue that is difficult to deal with, solve, or overcome.

Bias-Free

Communication or content that is devoid of prejudice, ensuring fairness and equality, without favoring a particular side.

Sales Representatives

Professionals responsible for selling products or services, often acting as the liaison between a company and its customers.