A contingent liability is recorded in the accounting records
a. if the contingency has not been described already in the notes to the financial statements.
b. if it possibly will become an actual liability and the exact amount is known.
c. under no circumstances.
d. if it probably will become an actual liability and the amount can be reasonably estimated.
D
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Mail panels are being gradually replaced by ________ panels in many parts of the world
A) scanner B) diary C) media D) Internet
Worthington Farm raises chickens. For years, it has used wooden coops to haul its poultry to market
The owner of the farm needs to buy some replacement coops and is considering buying plastic coops that are slightly more expensive than wooden ones but much easier to clean after use. This purchase of coops is an example of a ________. A) straight rebuy B) customer-reference purchase C) modified rebuy D) reciprocal purchase E) reverse marketing purchase
Developing your strategies for periodic performance reviews increases your chances for a promotion or compensation increase
Indicate whether the statement is true or false
Only the __________ Amendment to the Constitution, which abolishes slavery or involuntary servitude, applies to the actions of private individuals
a. First b. Ninth c. Thirteenth d. Fourteenth