Which One of the Following Is a Contingent Loss That

question 24

Multiple Choice

Which one of the following is a contingent loss that is required to be disclosed only in a note to the financial statements?

• A) A loss that is reasonably possible and the amount can be reasonably determined.
• B) A loss that probably will never materialize, and the amount cannot be reasonably estimated.
• C) A probable loss of a known amount.
• D) A probable loss of a reasonably estimated amount.

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Definitions:

Repolarization

The process of restoring the negative charge inside the cell membrane after a depolarization event.

Afterpotential

The change in membrane potential that follows the completion of an action potential in nerve cells.

Astrocytes

Star-shaped glial cells in the brain and spinal cord, involved in physical and nutritional support for neurons, and the repair and scarring process following central nervous system injury.

Blood-Brain Barrier

A selective semipermeable barrier formed by endothelial cells of the brain's capillaries that protects the brain from harmful substances and pathogens in the bloodstream.