b. A potential obligation that depends on a future event arising from a past transaction or event.
c. An obligation not requiring future payment.
d. An obligation arising from the purchase of goods or services on credit. An obligation arising from a future event.
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Home » Business » A contingent liability is: Multiple Choice a. Always of a specific amount. b. A potential obligation that depends on a future event arising from a past transaction or event. c. An obligation not requiring future payment. d.