Use the Following Key (A-D) to Identify the Proper Treatment

question 61

Multiple Choice

Use the following key (a-d) to identify the proper treatment of each contingent liability.
-Event is reasonably possible but amount is not estimable

• A)Record only
• B)Record and disclose
• C)Disclose only
• D)Do not record or disclose

---

Definitions:

Actual Experience

Denotes direct, personal involvement or encounter with events or activities, as opposed to theoretical knowledge.

Negative Self-talk

Refers to the inner dialogue that criticizes or demeans oneself, often leading to decreased motivation and self-esteem.

Self-efficacy

An individual's belief in their own capacity to execute behaviors necessary to produce specific performance attainments.

Pessimistic View

An outlook characterized by the expectation that unfavorable outcomes are likely to occur in a situation or the future.