A Contingent Liability

question 33

Multiple Choice

A contingent liability

• A)always exists as a liability but its amount and due date are indeterminable.
• B)is accrued even though not probable.
• C)is always the result of a loss contingency.
• D)is not reported as a liability if not probable.

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Definitions:

Emotional Responsiveness

The degree to which an individual responds to and expresses emotions.

Perpetrator

An individual who commits a harmful, illegal, or immoral act.

Secondary Control

A coping mechanism where individuals adjust their thoughts or emotions to deal with situations beyond their control.

Secondary Control

A coping mechanism that involves adjusting one's own goals and efforts to deal with situations that are perceived as uncontrollable.