A Contingent Liability Is Recognized When the Amount Can Be

question 159

True/False

A contingent liability is recognized when the amount can be reasonably estimated and the likelihood of loss is probable.

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Definitions:

Operant Conditioning Techniques

Behavioral training methods based on the principle of reinforcing desired behaviors and discouraging undesired ones.

Infant Memories

This term relates to the recollections or memories that originate from the infancy period of a human's life, although these are usually not consciously accessible in later years.

Retrieval Cues

Stimuli or signals that help in the recall of memories stored in the brain.

Operant Conditioning

A learning process through which behavior is shaped by reinforcement or punishment.