Which Statement About Contingencies Is Correct

question 48

Multiple Choice

Which statement about contingencies is correct?

• A)If the future outcome is probable and reliably measurable,a provision is recorded.
• B)If the future outcome is probable,disclosure is required if it is reliably measurable.
• C)If the future outcome is probable,but not reliably measurable,no action is required.
• D)If the future outcome is probable,a provision is required,even if it is not reliably measurable,

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Definitions:

Large Intestine

The last part of the digestive system, responsible for water absorption and the formation of feces.

Vitamin K

Vitamin K is a fat-soluble vitamin essential for the production of blood clotting factors and responsible for regulating bone metabolism.

Large Intestine

The final section of the digestive system, where water is absorbed and stool is formed from indigestible food matter.

B Vitamins

B Vitamins refer to a group of water-soluble vitamins that play important roles in cell metabolism and the formation of red blood cells, including vitamins B1, B2, B3, B6, B9, and B12 among others.