Which of the Following Terms Is Associated with Recording a Contingent

question 93

Multiple Choice

Which of the following terms is associated with recording a contingent liability?

• A) Possible.
• B) Likely.
• C) Remote.
• D) Probable.

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Definitions:

Variability

The extent to which data points in a statistical distribution or data set diverge from the average or mean value.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from the average.

Deviations

Differences between observed values and the average of those values in a dataset.