[Solved] Which statement is correct? A)Contingencies arise from future events. B)The amount to be paid for contingencies is known or reasonably estimable. C)Current liabilities arise from future events. D)The amount to be paid for current liabilities is known or reasonably estimable. Tags: Identifiers used in programming languages or systems, especially in PLCs, to name or reference data elements like inputs, outputs, and internal values. Not Operating: Refers to equipment or machinery that is currently not in use or functioning. OTL Instruction: null Retentive: A characteristic of memory or functions in PLCs and programming that allows data or values to be retained even after a loss of power or reset.