Which of the Following Are Not Factors That Are Considered

question 1

Multiple Choice

Which of the following are not factors that are considered when evaluating whether or not to record a liability for pending litigation?

• A)Time period in which the underlying cause of action occurred.
• B)The type of litigation involved.
• C)The probability of an unfavorable outcome.
• D)The ability to make a reasonable estimate of the amount of the loss.

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Definitions:

Direct Primary

A direct primary is an election within a party to choose candidates for the general election, allowing party members to vote directly for their preferred nominee.

The Recall

A procedure that allows citizens to remove and replace a public official before the end of their term of office.

The Passing

The process or act of moving through or beyond an obstacle, or the act of deceiving by presenting oneself as someone or something else.

Madison Grant

An American lawyer, historian, and author known for his work in conservation and for his controversial views on race and eugenics in the early 20th century.