Which of the Following Would Not Be Considered a Contingent

question 65

Multiple Choice

Which of the following would not be considered a contingent liability?

• A)Products sold with a warranty
• B)Pending lawsuits
• C)Frequent flyer miles earned by passengers
• D)Cash received from advance ticket sales

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Definitions:

Lab Coat

A protective outer garment worn by scientists and medical professionals in laboratories to prevent contamination.

Eyeball

The round organ in the skull of vertebrates, including humans, that allows for sight.

Human Skeleton

The internal framework of the body, composed of 206 bones in the adult, providing structure, protection, and leverage for movement.

Skyscraper

A very tall and continuously habitable building, often seen in urban centers, pushing the limits of engineering and architectural design.