Match the items below by entering the appropriate code letter in the space provided. A. Current liability B. Notes Payable C. Contingent liability 1. An obligation in the form of a written promissory note 2.

Match the items below by entering the appropriate code letter in the space provided.
A. Current liability
B. Notes Payable
C. Contingent liability
1. An obligation in the form of a written promissory note
2. A potential liability that may become an actual liability in the future
3. A debt than can reasonably be expected to be paid from current assets

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