A Contingent Liability Exists When a Potential Liability That Depends

question 78

True/False

A contingent liability exists when a potential liability that depends on a future event arising out of a past transaction liability is either not probable or it cannot be reliably estimated.

Familiarize with the concept of ethology and its relevance to human development.

Understand the definitions and implications of terms like gestational age and low birth weight in neonatal health and development.

Understand the basic patterns and stages of prenatal development.

Recognize the factors influencing fetal development and birth outcomes.

---

Definitions:

Stock Split

A stock split is a corporate action where a company divides its existing shares into multiple shares to boost liquidity, though the overall market capitalization remains unchanged.

Shares Outstanding

The total number of shares of a corporation's stock that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Treasury Stock

Shares that were once outstanding and have been reacquired by the corporation, reducing the amount of outstanding stock on the open market.

Paid-In Capital

Funds that are received by a company from investors in exchange for stock, representing the capital provided by shareholders as a part of the equity of the company.