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:

Precede

To come before something else in time, order, or position.

Demonstrably

Capable of being proven or shown through evidence or clear examples.

Ex Post Facto Design

An “after the fact” experimental design in which there is no control over experimental conditions.