Agriculture Is Considered to Be a High-Value Adding Activity in a Developed

question 90

True/False

Agriculture is considered to be a high-value adding activity in a developed economy.

---

Definitions:

Contingent Liability

A potential financial obligation that may arise in the future, dependent on the outcome of a specific event.

Reasonably Estimable

A term used in accounting to describe a cost or liability that can be accurately predicted or projected.

Contingent Liability

A potential financial obligation depending on the outcome of future events, not yet confirmed as a liability.

Future Event

A future event is an occurrence or situation that is expected or anticipated to happen at a later date, which can impact financial planning and decisions.