Contingent Liabilities Will or Will Not Become Actual Liabilities Depending

question 28

Multiple Choice

Contingent liabilities will or will not become actual liabilities depending on:

• A) Whether they are probable and estimable
• B) The degree of uncertainty
• C) The present condition suggesting a liability
• D) The outcome of a future event

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Definitions:

Antimalware Protection

A security measure implemented in software to detect, prevent, and eliminate malicious software (malware) on a computer or network.

Mentor

An experienced and trusted advisor who provides guidance, support, and advice to less experienced individuals in a particular field.

IT Person

An individual who works with information technology, focusing on the management, operation, and maintenance of computing and networking systems.

VoIP

Voice over Internet Protocol, a technology that allows for voice communications and multimedia sessions over Internet Protocol networks.