Which of the Following Items Would Not Be Identified If

question 30

Multiple Choice

Which of the following items would not be identified if a contingent liability were disclosed in a financial statement note?

• A) The nature of the item
• B) The expected outcome of the future event
• C) A numerical probability of the expected loss
• D) The amount of the contingency, if known

---

Definitions:

Observational Study

Research wherein the investigator observes subjects and measures variables of interest without assigning treatments to the subjects.

Primate Exhibit

A display or area within a zoo or museum where various species of primates are kept for public viewing and educational purposes.

Log Odds

The logarithm of the odds ratio, used in logistic regression to model the relationship between predictors and a binary outcome.

Logistic Regression

A statistical method for analyzing a dataset in which there are one or more independent variables that determine an outcome, used especially for binary outcome prediction.