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When determining how businesses record or do not record contingent liabilities,which is NOT one of the three likelihoods that that are considered?
Socioeconomic Status
An individual or group's position within a hierarchical social structure, determined by wealth, education, and occupation.
Popularity
The quality or state of being widely admired, liked, or supported by many people.
Social Conventions
Agreed-upon norms and practices within a society that govern behavior and expectations in social situations.
Moral Dilemmas
Situations in which a decision must be made between two or more morally conflicting options.
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