A Contingent Liability Is Recorded If It Is Probable and Can

question 145

True/False

A contingent liability is recorded if it is probable and can be reasonably estimated.

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Definitions:

Extranets

Networks that link business partners over the Internet by providing them access to certain areas of each other’s corporate intranets.

VPN

A Virtual Private Network (VPN) is a secure connection method over the internet that provides privacy and anonymity by masking IP addresses.

Internet Security

Measures and protocols to protect computers and networks from unauthorized access, attacks, or data theft when connected to the Internet.

SCM

Stands for Supply Chain Management, which is the oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.