MCQOPTIONS
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| 1. |
Which of the following is not a contingent liability? |
| A. | Claims against the company not acknowledged as debts |
| B. | Debts included on debtors which are doubtful in nature |
| C. | Uncalled liability on partly paid shares |
| D. | Arrears of cumulative fixed dividends |
| Answer» C. Uncalled liability on partly paid shares | |