Potential Liabilities That Depend on Future Events Arising Out of Past

question 108

Multiple Choice

Potential liabilities that depend on future events arising out of past events are called:

• A)long- term liabilities.
• B)estimated liabilities.
• C)actual liabilities.
• D)contingent liabilities.

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Definitions:

Biological Phenomena

Natural processes and functions observed in living organisms, including growth, reproduction, metabolism, and adaptation.

Psychological Phenomena

Events, processes, or behaviors that stem from the mind and emotions, encompassing a wide range of human activities and experiences.

Genotype

The genetic makeup of an organism, consisting of the DNA sequences that code for the organism's traits.

Phenotype

The set of observable characteristics or traits of an organism resulting from the interaction of its genotype with the environment.