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Other Fields Homework Help Accounting Topic started by: remy2012 on Aug 1, 2022



Title: A commitment is best described as
Post by: remy2012 on Aug 1, 2022
A commitment is best described as

▸ an agreement to commit the firm to a set of fixed conditions in the future.

▸ an agreement to commit the firm to a set of fixed conditions in the future that depends on company profitability.

▸ an agreement to commit the firm to a set of fixed conditions in the future that depends on current market conditions.

▸ a potential future obligation to an outside party for an as yet to be determined amount.


Title: A commitment is best described as
Post by: wukong81 on Aug 1, 2022
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