An Estimated Liability

question 137

Multiple Choice

An estimated liability:

• A) Is an unknown liability of a certain amount.
• B) Is a known obligation of an uncertain amount that can be reasonably estimated.
• C) Is a liability that may occur if a future event occurs.
• D) Can be the result of a lawsuit.
• E) Is not recorded until the amount is known for certain.

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Definitions:

Physiology

Physiology is the branch of biology that studies the functions and mechanisms operating within living organisms and their parts.

Cognition

The mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Phrenology

A pseudoscience primarily focused on measurements of the human skull, based on the concept that the brain is the organ of the mind, and certain brain areas have localized, specific functions or modules.

Sympathetic Nervous System

A part of the autonomic nervous system that prepares the body for physical activity by accelerating the heart rate, increasing blood pressure, and dilating the airways, among other responses.