Which of the Following Would Be Considered a Contingent Liability

question 19

Multiple Choice

Which of the following would be considered a contingent liability?

• A) Sales tax obligation
• B) Mortgage obligation
• C) Accounts payable obligation
• D) Pending legal action
• E) Notes obligation

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Definitions:

Exponential Smoothing Model

An approach to predict future values in a univariate data set by assigning diminishing exponential weights to older data points.

Root Mean Square Error

A measure of the differences between values predicted by a model or an estimator and the values observed, serving as a standard way to measure the error of a model.

Smoothing Constant

A parameter used in exponential smoothing methods to control the weight of past observations in forecasting.

Regression Method

A statistical approach used to model and analyze the relationship between a dependent and one or more independent variables.