Which of the Following Is TRUE of a Contingent Liability

question 217

Multiple Choice

Which of the following is TRUE of a contingent liability?

• A) It is a potential liability that depends on a future event.
• B) It is an actual liability that is difficult to estimate.
• C) It is an actual liability that depends on a past event.
• D) It is a liability resulting from a lawsuit settled in court.

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Definitions:

Chromosomal Abnormality

A change in the number or structure of chromosomes in cells, which can lead to developmental disorders or diseases.

Savant Syndrome

A condition where a person with significant mental disabilities demonstrates profound and prodigious capacities or abilities in a specific area.

Polygenetic

Relating to a trait or characteristic that is influenced by multiple genes rather than just one.

Chromosomal Regions

Specific areas or segments of a chromosome where genes are located, influencing various genetic traits and functions.