Examlex
Which of the following techniques is a means of reducing conflict in collective bargaining by achieving collaborative solutions at the bargaining table?
Future Operating Loss
A projected loss from future operations, not yet incurred or realized, often considered in impairment assessments and going concern evaluations.
Deferred Liability
A liability that is recorded on the balance sheet and represents a future obligation to pay, such as taxes payable in the future.
Contingent Liability
A possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the company's control.
Possible Obligation
A potential future outflow of resources embodying economic benefits, arising from past events, whose existence will be confirmed only by uncertain future events.
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