Business, 26.07.2019 03:30 chrischris1

All of the following statements regarding uncertainty in liabilities are true except: a. liabilities can involve uncertainty in whom to pay. b. a company can create a liability with a known amount even when the holder of the note may not be known until the maturity date. c. a company can have an obligation of a known amount to a known creditor but not know when it must be paid. d. a company only records liabilities when it knows whom to pay, when to pay, and how much to pay. e. a company can be aware of an obligation but not know how much will be required to settle it.

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