Which of the Following Statements Regarding Contingencies Is True

question 136

Multiple Choice

Which of the following statements regarding contingencies is true?

• A)Contingencies that are probable and estimable must be recorded before the outcome of future events.
• B)Contingent assets,if probable and estimable,are treated in much the same way as contingent liabilities.
• C)The accounting principle that determines whether a contingent asset is recorded is that of materiality.
• D)Contingencies that are not estimable should not be disclosed even if probable.

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Definitions:

Muscle Tension

The force generated by a muscle or group of muscles when they contract, which can vary in response to different stimuli or during different types of physical activity.

Dermatomal Maps

Diagrams that show the area of skin supplied by sensory nerves stemming from a single spinal nerve root.

Nerve Damage

Injury to the nerves, often resulting in loss of movement, sensation, or function in the affected area.

Spinal Nerve Pairs

The 31 pairs of nerves that emerge from the spinal cord, transmitting motor, sensory, and autonomic signals between the spinal cord and the body.