If a Contingency That Is Probable Can Be Reasonably Estimated,a

question 216

True/False

If a contingency that is probable can be reasonably estimated,a liability is recorded and an expense is accrued.

---

Definitions:

Collective Action

The collaborative effort of a group to achieve a common goal, often in pursuit of a social or political change.

Political Opportunities

Circumstances or conditions within the political environment that facilitate or constrain the ability of social movements and entities to achieve their objectives.

Elite Groups

Small, select groups of people who have significant influence or authority over large segments of society, often due to wealth, political power, or social status.

Protest

A public demonstration of objection, disapproval, or dissent towards an idea, action, or policy, typically performed by a group.