MCQOPTIONS
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				| 1. | 
                                    ______________ represents a potential obligation that could be created depending on the outcome of an event. | 
                            
| A. | Internal Liability | 
| B. | Current Liability | 
| C. | Contingent Liability | 
| D. | Non-current Liability | 
| Answer» D. Non-current Liability | |