Which One of the Following Is a Required Condition for a Contingent

question 74

Multiple Choice

Which one of the following is a required condition for a contingent liability to exist?

• A) The amount of the future payment is known.
• B) The outcome has been resolved by a current event.
• C) The liability resulted from an existing condition.
• D) There is a potential liability to an employee of the client.

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Definitions:

Sexually Transmitted Infections

Infections transmitted through sexual contact, caused by bacteria, viruses, or parasites.

Vaginal Intercourse

The sexual activity involving the insertion of the penis into the vagina.

Respiratory Diseases

Medical conditions that affect the lungs and other parts of the respiratory system, hindering breathing.

Chronic Pulmonary Disease

A term usually referring to chronic obstructive pulmonary disease (COPD), a chronic inflammatory lung disease that causes obstructed airflow from the lungs.