Which Statement About Contingencies Is Correct

question 38

Multiple Choice

Which statement about contingencies is correct?

• A)If the future outcome is remote but reliably measurable,a provision is recorded.
• B)If the future outcome is remote,but not reliably measurable,disclosure is required.
• C)If the future outcome is remote,but not reliably measurable,no action is required.
• D)If the future outcome is remote,but reliably measurable,disclosure is required.

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Definitions:

Polar Covalent

A type of chemical bond where two atoms share a pair of electrons unequally, resulting in a molecule with electrically charged poles.

Alkaline

Having a pH greater than 7, which is opposite of acidic, and is characterized by the presence of a higher concentration of OH- ions than H+ ions in a solution.

Buffer

A solution or substance that minimizes changes in pH by absorbing or releasing hydrogen ions.

Acidic

Describes substances with a pH less than 7, characterized by a higher concentration of hydrogen ions.