Examples of Contingent Assets Include All of the Following Except

question 13

Multiple Choice

Examples of contingent assets include all of the following except:

• A) unrealized gain on the sale of investments.
• B) pending lawsuit with a probable favorable outcome.
• C) possible refunds from the government in tax disputes.
• D) promise of land to be donated by city as an enticement to move manufacturing facilities.

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Definitions:

Present

The current moment or period of time.

TOTE Model

A cognitive model that stands for Test-Operate-Test-Exit, describing a process of problem-solving that involves testing a situation, operating to change it, testing the change, and exiting if the outcome is satisfactory.

Motivations

The reasons or forces that drive an individual to engage in particular behaviors or actions.

Autonomy

The right or condition of self-governance, or the ability of an individual to make their own choices and decisions.