Which of the Following Would Be Considered a Contingent Liability

question 17

Multiple Choice

Which of the following would be considered a contingent liability?

• A)Federal income tax payable
• B)Warranties payable
• C)Pending litigation
• D)Salaries payable

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Definitions:

Depression

A mental disorder marked by an enduring depressed state or a disinterest in usual activities, leading to significant challenges in routine life.

Behavioural

Relating to the observable actions of individuals and the ways in which these actions can be influenced or changed.

Cognitive

Refers to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

HT Receptors

Protein sites located on cell membranes, primarily serotonin receptors, which are involved in transmitting signals within the brain.