Which of the Following Is Correct with Respect to a Contingent

question 131

Multiple Choice

Which of the following is correct with respect to a contingent liability that is "reasonably possible" but "cannot reasonably be estimated"?

• A) It must be recorded and reported as a liability.
• B) It does not need to be recorded or reported as a liability.
• C) It must only be disclosed as a note to the financial statements.
• D) It must be reported as a liability, but not recorded.

Apply conservation of resources theory to understand behavior following job loss and its psychological effects.

Recognize that a positive emotional style can be cultivated and its importance for mental health.

Explain the stages of faith development and their implications for personal belief systems.

Understand the concept of diathesis in the context of mental health and its relationship to genetic influences.

---

Definitions:

Agreement

A mutual understanding or arrangement between two or more parties, often legally binding, detailing specific terms and conditions.

Legal Signature

A person's name or mark written in a distinctive way as a form of identification in authorizing documents.

Online Commercial Transactions

Business dealings and the exchange of goods or services for payment carried out over the internet.

Electronic Signature

A digital form of a signature used to give consent or approve documents electronically, having legal standing similar to a handwritten signature.