Debt Guarantees Are

question 65

Multiple Choice

Debt guarantees are:

• A) A bad business practice.
• B) Considered to be current liabilities.
• C) Recorded as liabilities even though it is highly unlikely that the original debtor will default.
• D) Considered to be contingent liabilities.
• E) Never disclosed in the financial statements.

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Definitions:

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Legal accusation involving the unconsented physical contact or application of force against another person.

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Duty to Warn

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