Contingent Liabilities Arise from Past Transactions or Events but Also

question 28

True/False

Contingent liabilities arise from past transactions or events but also depend on future events.

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Definitions:

Internal Jugular Vein

A major vein that collects blood from the brain, face, and neck, and returns it to the heart.

Hepatic Vein

A vein that drains de-oxygenated blood from the liver into the inferior vena cava.

Axillary Vein

A vein that conveys blood from the lateral aspect of the thorax, armpit, and upper limb toward the heart.

Inferior Vena Cava

A large vein carrying deoxygenated blood from the lower body to the heart.