If the Amount of a Liability Cannot Be Exactly Determined,it

question 2

True/False

If the amount of a liability cannot be exactly determined,it should not be recorded.

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Definitions:

Productivity Growth

An increase over time in the output of goods and services per unit of input, reflecting improvements in technology, processes, or efficiency.

Savings Rate

The proportion of disposable income that individuals or households save rather than spend on consumption.

Educational System

The organized network of formal and informal structures that collectively provide education and learning environments and experiences to individuals in a society.

Computer Skills

The ability to operate, manage, and utilize computers and related technology efficiently for various tasks and applications.