What Is a "Contingent Asset

question 42

Multiple Choice

What is a "contingent asset?"

• A)There is no such thing,in either IASB standards or U.S.GAAP,as a "contingent asset."
• B)This is an asset that has been put up as collateral against a loan.
• C)This is a possible inflow of resources arising from a future activity.
• D)It is a probable asset,arising from past events ,whose existence is yet to be confirmed definitively by a future event.

---

Definitions:

Turnover Intentions

The inclination or intention of employees to leave their current job or organization.

Organizational Commitment

The psychological attachment and loyalty an employee has towards their organization, influencing their willingness to contribute to organizational goals.

Job Satisfaction

The extent to which employees feel content with their jobs, including aspects such as work tasks, environment, and relationships with coworkers and supervisors.

Embedded

Integrated or firmly ingrained within a particular environment, context, or system.