If a Liability Is Dependent on a Future Event, It

question 88

Multiple Choice

If a liability is dependent on a future event, it is called a

• A) potential loss.
• B) hypothetical loss.
• C) probabilistic loss.
• D) contingent loss.

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Definitions:

Change Shape Button

A feature in graphic design or drawing software that allows users to modify the geometric shape of graphic objects.

Rounded Rectangle

A geometric shape featuring a rectangle with rounded corners, commonly used in graphic design and user interface design.

Align Right Button

A function in word processors and text editing interfaces that aligns text with the right margin of the document.

Form Design View

A mode in database applications where users can design and customize the layout and fields of data entry forms.