Which of the Following Is Both an Estimated Liability and a Contingent

question 91

Multiple Choice

Which of the following is both an estimated liability and a contingent liability?

• A)Cosignature on $500 loan
• B)Current portion of long-term debt
• C)Warranty liability
• D)Liability for dividends

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Definitions:

First Record Button

A user interface control used in database applications to navigate directly to the first record in a dataset.

TAB Key

A keyboard button used to advance the cursor to the next tab stop, aiding in navigation and data entry.

DOWN ARROW Key

A keyboard key used for navigation, moving the cursor or selection downward in text editors, web browsers, and other applications.

Make A Backup

The act of copying data from a primary location to a secondary location to preserve it in case of data loss or corruption.