Which of the Following Items Would Not Be Included If

question 173

Multiple Choice

Which of the following items would not be included if a contingent liability were disclosed in the financial statements?

• A) The nature of the item
• B) Management's expected outcome
• C) The amount of the contingency, if known
• D) A numerical probability of the expected loss

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Definitions:

Androgyny

The combination of masculine and feminine characteristics into an ambiguous form.

Sandra Bem

A psychologist known for her work on gender roles, gender schema theory, and the Bem Sex-Role Inventory, a tool used to explore how individuals identify with traditionally masculine or feminine traits.

Androgynous

Exhibiting characteristics or qualities that are associated with both male and female genders; gender ambiguity.

Fighter Pilot

A military aviator trained to engage in air-to-air combat while in the cockpit of a fighter aircraft.