Which Statement Is Correct

question 66

Multiple Choice

Which statement is correct?

• A)Contingencies arise from future events.
• B)Financial guarantees arise from contracts previously entered into.
• C)Current liabilities arise from future events.
• D)The amount to be paid for financial guarantees is known or reasonably estimable.

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Definitions:

Investigating

The act of conducting a systematic inquiry or examination into a subject or phenomenon to discover facts or information.

Telephone Interview

A research or assessment method where questions are asked and answers are obtained via telephone, commonly used in surveys and job screening.

Data Collection

The process of gathering and measuring information on targeted variables in an established systematic fashion, enabling one to answer relevant questions and evaluate outcomes.

Personal Interview

A qualitative research method involving direct face-to-face conversation between the interviewer and respondent to gather information or data.