Contingent liabilities are only recognized if they arise from past events.
Answer the following statement true (T) or false (F)
True
Contingent liabilities cannot be reported for events that have not yet occurred, such as hurricanes or other natural disasters.
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The UK favors a capital structure opposite that of the U.S.
Answer the following statement true (T) or false (F)
Decisions of the ________ are final unless a question of law is involved that is appealable to the U.S. Supreme Court
A) courts of appeals B) courts of records C) highest state courts D) general-jurisdiction trial courts
Sales transactions involving electricity are excluded from the CISG
Indicate whether the statement is true or false
Which sentence expresses numbers correctly?? A) ?We adopted Duasong from China when she was 1 year and 2 months old
B) ?For her 50th birthday, Catherine treated herself to a day at a luxury spa. C) When she was 57, Professor Cartwright began her research on anti-viral medicines in Africa.