The Amount of an Obligation Must Be Known in Advance

question 21

True/False

The amount of an obligation must be known in advance to be considered a liability.

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Definitions:

12-Gauge

A term commonly referring to the caliber of a shotgun, based on the number of lead balls of size equal to the shotgun's bore that can be made from one pound of lead.

Copper Wire

A type of electrical conductor made of copper, used in wiring for its excellent conductivity.

Acres

A unit of land area used in the imperial and US customary systems, equal to 43,560 square feet, or about 4047 square meters.

Cleaned

The state or condition of being free from dirt, contaminants, or impurities after undergoing a cleaning process.