Contingent Liabilities Are Recorded in the Accounts If the Future

question 82

Short Answer

Contingent liabilities are recorded in the accounts if the future event is ________ and the amount owed can be ________.

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Definitions:

Tai Chi

A Chinese martial art practiced for both its defense training aspects and its health benefits, emphasizing fluid movement and mental calmness.

Movement Discipline

A field of study or practice focusing on the control and mastery of body movements, often within the context of sports, dance, or martial arts.

Chinese

Referring to anything related to China, including its language, culture, or people.

Flexibility

The ability of joints to move through their full range of motion and the elasticity of muscles and connective tissues.