How Should a Contingent Liability That Has an Unlikely Chance

question 71

Short Answer

How should a contingent liability that has an unlikely chance of occurring and is insignificant in size be disclosed? $\begin{array}{lll}&\text { Accrual}&\text { Footnote }\\\hline\text { a. } & \text { No } & \text { Yes } \\\text { b. } & \text { No } & \text { No } \\\text { c. } & \text { Yes } & \text { No } \\\text { d. } & \text { Yes } & \text { Yes }\end{array}$

Adjust the size and orientation of pictures and shapes in a document.

Understand the historical foundations and key components of the Civil Rights Act of 1964.

Recognize the impact of landmark Supreme Court rulings on civil rights and equality.

Identify legislation and Supreme Court decisions that have shaped affirmative action policies.

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Definitions:

Legal Cases

Disputes brought before a court for resolution based on alleged violations of the law or legal rights.

Legislators

Elected officials who are responsible for creating, amending, and passing laws within a governmental system.

Psychophysiological Disorder

A physical illness or disorder that is caused or exacerbated by psychological factors such as stress, emotional state, or behavioral patterns.

Insanity Defense

A legal defense used by defendants claiming their mental illness at the time of the crime prevents them from being responsible for their actions.