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An organization stores the details of its employees using Microsoft Access.The Employee table has EmployeeName, EmployeeID, Department, and Salary columns.Which of the following statements is true?
Estimable Liability
A financial obligation or debt that can be measured or estimated with a reasonable level of accuracy.
Probable Likelihood
A high chance or probability that an event will occur.
Accrual
A method of accounting that records income and expenses when they are earned or incurred, regardless of when the cash transactions occur.
Disclosure
The act of providing essential information or facts, especially those that may influence the decision-making of investors or stakeholders.
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