Contingencies That Are Probable but Cannot Be Estimated Are Recorded

question 77

True/False

Contingencies that are probable but cannot be estimated are recorded as liabilities and disclosed in the notes to the financial statements.

---

Definitions:

Hybrid Car

A vehicle that uses a combination of an internal combustion engine and one or more electric motors for propulsion, aiming to reduce fuel consumption and emissions.

Conversion Rate

A metric used in marketing to measure the percentage of users who take a desired action, such as making a purchase or signing up for a newsletter.

Recently Viewed Items

Recently viewed items refer to a digital feature that tracks and displays products a customer has looked at in the past, enhancing the online shopping experience.

Entice

To attract or tempt someone into doing something or engaging in some activity by offering potential benefit or pleasure.