Examlex

Solved

Daniel Wants to Buy a Computer to Use for Playing

question 163

Multiple Choice

Daniel wants to buy a computer to use for playing games after work.He loves racing games and wants to make sure his device has all the specifications needed to run them smoothly and efficiently.Which of these factors should he consider?


Definitions:

Contingent Liability

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

Estimable

Capable of being reasonably estimated or calculated, often used in the context of accounting to refer to expenses or losses.

Reasonably Possible

A term used in accounting and law to describe an outcome that, while not certain, is more than a mere possibility and should be considered or disclosed.

Merchandise Inventory

Goods that are purchased for the purpose of being sold to customers in the normal course of business.

Related Questions