Which Statement Is Correct

question 16

Multiple Choice

Which statement is correct?

• A)Contingencies arise from future events.
• B)The amount to be paid for contingencies is known or reasonably estimable.
• C)Current liabilities arise from future events.
• D)The amount to be paid for current liabilities is known or reasonably estimable.

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Definitions:

Text

A sequence of characters or symbols that convey meaningful information, usually meant to be read.

Stream

In computing, a sequence of data elements made available over time, often used for input and output operations.

Stdout

Standard Output, a predefined file stream in computer programming used to output data to the screen or another output destination.

Stream

An abstraction for a sequence of data elements made available over time, often used for input/output operations in programming.