Which Statement About Contingent Liabilities Is Correct

question 7

Multiple Choice

Which statement about contingent liabilities is correct?

• A)It is a present obligation that will probably result in the economic outflow of resources.
• B)It involves uncertainty about either the timing of payment or the amount of payment.
• C)It is an obligation that arises from past transactions and events and can be reliably measured.
• D)It is a present obligation that arises from past events but it cannot be reliably measured.

Comprehend proper communication strategies during interviews.

Learn the importance and method of following up after an interview.

Understand the uses and approaches to answering different types of interview questions, including behavioral and situational.

Recognize appropriate and inappropriate actions during the job application and interview process.