Which Statement About Contingencies Is Correct

question 4

Multiple Choice

Which statement about contingencies is correct?

• A)If the future outcome is possible and reliably measurable,a provision is recorded.
• B)If the future outcome is probable and reliably measurable,a provision is recorded.
• C)If the future outcome is probable,a provision is recorded even if it is not reliably measurable.
• D)If the future outcome is possible,a provision is recorded even if it is not reliably measurable.

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Definitions:

Supreme Court

is the highest court in various countries, responsible for interpreting the constitution and laws, and its decisions serve as precedents in all courts of the nation.

Conflicts

Disagreements or disputes between parties that can range from individual interpersonal issues to large-scale international warfare, often requiring negotiation or intervention for resolution.

Power Sharing

A political arrangement in which different political groups, often in a country with a history of conflict, share control of government positions and responsibilities.

Federalism

A system of government in which power is divided between a central (national) government and various regional governments.