Which Statement Is Not Correct

question 6

Multiple Choice

Which statement is not correct?

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

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Definitions:

Positive Handling

An approach that focuses on constructive and encouraging methods to manage or interact with people or situations.

Vacancies

Open or unoccupied positions or spaces, often referring to job openings.

Positive Emphasis

The practice of focusing on positive aspects or outcomes in communication to achieve a desired response.

Negative Points

Detrimental aspects, criticisms, or disadvantages associated with a particular situation, proposal, or item.