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James and Wanda just bought a house,and moved into a new,upscale neighborhood.One of their friends,who lives down the street from them,has installed a hot tub in her rock garden and has pointed out all the advantages of having one.James and Wanda are debating whether to install a rock garden with a hot tub in their new home.Their decision may be strongly influenced by the ________.
Liability Likelihood
The probability or likelihood that a company will be responsible for an obligation or debt in the future.
Reasonably Possible
A term used in accounting and finance to denote outcomes that are more than a remote possibility but less likely than probable.
Estimable
Capable of being estimated or approximately calculated.
Note Discounted
A financial term referring to a promissory note that is sold for less than its face value before it reaches maturity.
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