Which of the Following Is a Required Condition for a Contingent

question 74

Multiple Choice

Which of the following is a required condition for a contingent liability to exist?

• A)There is a potential liability to an employee of the client.
• B)The amount of the future payment is known.
• C)The liability resulted from known events.
• D)The outcome has been resolved by a current event.

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Definitions:

Indirect Claim Message

A communication method in which a request or claim is presented in a less direct manner, typically used to mitigate potential conflict or to be polite.

Courteous Yet Firm

Communicating in a polite and respectful manner while still being assertive and strong in one's position or stance.

Description of Problem

A detailed explanation or depiction of an issue, challenge, or situation requiring resolution or investigation.

Adjustment Refusal Plan

A strategy devised to politely decline adjustments or requests, ensuring the refusal is communicated in a clear and considerate manner.