Which of the Following Would NOT Be Shown as a Contingent

question 16

Multiple Choice

Which of the following would NOT be shown as a contingent liability?

• A) Estimated future cost of providing superannuation for work already carried out by employees
• B) A dispute with the taxation department where legal advice suggests that the company will win the dispute
• C) A company providing a guarantee to a lender for a loan taken out by a subsidiary company where a default on the loan is very unlikely
• D) Company defending a claim for unspecified damages where the amount of the claim cannot be reliably measured

---

Definitions:

Anorexia Nervosa

An eating disorder characterized by excessive fear of becoming fat and therefore restricting energy intake to obtain a significantly low body weight.

Bulimia Nervosa

An eating disorder characterized by dieting, binge eating, and purging.

Guilty

Feeling responsible or remorseful for a perceived wrong or crime.

Calories

Units of energy typically used to measure the energy content of foods and beverages, important in diet and metabolism.