Which of the Following Items Would Not Be Identified If

question 16

Multiple Choice

Which of the following items would not be identified if a contingent liability were disclosed in a financial statement note?

• A)The nature of the item
• B)The expected outcome of the future event
• C)A numerical probability of the expected loss
• D)The amount of the contingency, if known

---

Definitions:

Reverse Innovation

A strategy where goods or services are developed first for emerging markets, and then adapted for more developed ones.

Diverse Settings

Various environments or situations that are distinct in character, culture, or composition.

Innovation Process

The sequence of activities that an individual or organization undertakes to conceive, develop, and bring to market new products or services.

Scaling

The process of increasing or decreasing the size, production capacity, or operational capabilities of an organization to handle growing or shrinking demand.