Under ASPE, a Contingent Liability Is Defined as a Liability

question 46

True/False

Under ASPE, a contingent liability is defined as a liability that is contingent on the occurrence or non-occurrence of some future event.

---

Definitions:

Cotransport

A mechanism where two substances are simultaneously transported across a membrane by a single protein, a process that is typically energy-efficient.

Exocytosis

A process by which a cell transports secretory products through the cytoplasm to the plasma membrane and then releases them into the extracellular environment.

Lysis

The process of disintegration of a cell or some other structure.

Tight Junctions

Specialized structures that form between some animal cells, producing a tight seal that prevents materials from passing through the spaces between the cells.