Which Statement Is Correct

question 16

Multiple Choice

Which statement is correct?

• A)Contingencies arise from future events.
• B)The amount to be paid for contingencies is known or reasonably estimable.
• C)Current liabilities arise from future events.
• D)The amount to be paid for current liabilities is known or reasonably estimable.

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Definitions:

Choice Behavior

The cognitive process involved in deciding between two or more alternatives.

Humans

Humans, scientifically known as Homo sapiens, are a species of bipedal primates characterized by their advanced cognitive abilities, language use, and capacity to create complex tools, cultures, and societies.

Anticipatory Pain Response

Stimuli associated with painful events produce a fear response, which motivates escape from the painful environment.

Punishment

An unpleasant consequence given to reduce the occurrence of a particular behavior.