A Certain Contingent Liability Was Evaluated at Year-End,and Considered to Have

question 95

True/False

A certain contingent liability was evaluated at year-end,and considered to have a remote possibility of becoming an actual liability.If the accountant decided NOT to report it on the balance sheet or in the notes to the financial statement,this could be considered unethical behavior.

Recognize the concept of retaliation within the context of employment law and its implications for employees and employers.

Comprehend the defenses available to employers in employment discrimination suits, including bona fide occupational qualifications and business necessity.

Analyze scenarios involving employment discrimination to determine potential violations of federal employment laws.

Understand the implications of the Age Discrimination in Employment Act in relation to employment practices.

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Definitions:

Nourishment

The food or other substances necessary for growth, health, and good condition.

Cystic Fibrosis

A genetic disorder affecting the lungs and other organs, characterized by thick, sticky mucus that can block airways.