A Contingent Liability Is Recorded If It Is Probable and Can

question 145

True/False

A contingent liability is recorded if it is probable and can be reasonably estimated.

---

Definitions:

Objective Personality

An approach to assessing personality that relies on measurable, observable data and emphasizes objectivity and verifiability.

Rorschach Inkblot Test

A psychological test that involves interpretations of inkblots to assess an individual's personality structure and identify emotional or mental health issues.

Objective Personality

Personality assessments that rely on structured, standardized questions with fixed response options to evaluate aspects of an individual's personality.

Substance Abuse Screening Inventory

A diagnostic tool used to identify individuals who have patterns of substance use that may be harmful to their health or well-being.