Which of the Following Topics Involves a Contingent Liability

question 106

Multiple Choice

Which of the following topics involves a contingent liability?

• A)Installment accounts receivable
• B)A discounted note receivable
• C)Securitization
• D)Credit card sales

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Definitions:

Federal Government

The national government of a federal country, such as the United States, which has specific powers delegated to it by a constitution.

Socialist Weekly Newspaper

A type of periodical publication that promotes socialist viewpoints, focusing on issues such as workers' rights, social justice, and critiques of capitalism, typically published once a week.

Appeal to Reason

A call for logical and rational deliberation as opposed to emotional or biased judgments.

New Feminism

A new aspect of the women’s rights movement that arose in the early part of the twentieth century. New feminism added a focus on individual and sexual freedom to the movement and introduced the word “feminism” into American life.