A contingent liability is:

A. an obligation not requiring a future payment.
B. a potential obligation that depends on a future event.
C. an obligation arising from the purchase of goods or services on credit.
D. always a specific amount.


Answer: B

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Which of the following methods to developing a CSR agenda would most likely have a successful outcome?

A. A company's marketing team invents a creative slogan to emphasize the company's interest in and general support of "green" initiatives. B. The board of directors decides to offer 1% of after tax profits to an orphanage in Africa. C. The company's primary supplier reduces packaging by 10% and tells customers by printing this fact on the labels. D. The employees hold a company-wide meeting and brainstorming session, devise an internal and external waste reduction plan and a program to measure their results. E. The company executives hire a "green consultant" to come and evaluate the company's impact and suggest a plan for improvement.

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Valley Spa purchased $10,900 in plumbing components from Tubman Co. Valley Spa Studios signed a 60-day, 6% promissory note for $10,900. If the note is dishonored, what is the amount due on the note? (Use 360 days a year.)

A. $11,150 B. $109 C. $11,009 D. $11,230 E. $10,900

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Attitudes are very good predictors of intention to buy.

Answer the following statement true (T) or false (F)

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In non-democratic countries, the power of government may derive from a monarchy, military dictatorship, or religious authority.

Answer the following statement true (T) or false (F)

Business