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.

---

Definitions:

Female/Male Earnings Ratio

The comparison of average earnings between women and men, often used to highlight gender pay disparities.

Professions

are occupations requiring specialized knowledge and often, formal education and qualifications, such as law, medicine, and engineering.

Civil Rights Legislation

Laws enacted to protect individuals from discrimination and ensure equal opportunity, regardless of race, religion, sex, or nationality.

Discriminating

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.