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Which of the following is false in terms of guarantees? Multiple Choice Guarantees are not...

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Accounting

Which of the following is false in terms of guarantees?
Multiple Choice
Guarantees are not a type of contingency.
Guarantees must be disclosed in the notes.
Guarantees are an agreement by the reporting enterpilse to pay compensation,
Guarantees are a promise to make good on nonperformance.
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