The Defining Characteristic of a 'Provision' as Opposed to Other

question 24

True/False

The defining characteristic of a 'provision' as opposed to other liabilities is that the existence of an obligation is uncertain.

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Definitions:

Congress

A national legislative body, particularly in the United States, composed of the Senate and the House of Representatives.

Sharecroppers

Laborers who farm land owned by another person and pay rent either in cash or as a portion of the crop, commonly in the post-Civil War South in the United States.

Cotton

A soft, fluffy staple fiber that grows in a boll around the seeds of cotton plants, used in the textile industry.