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:

Chromosome 7

One of the 23 pairs of chromosomes in humans, which carries genes associated with a variety of conditions and traits, including cystic fibrosis.

Homozygous

Refers to a chromosome pair that bears identical alleles for a single gene.

Cystic Fibrosis

A genetic disorder affecting the lungs and digestive system, characterized by mucus buildup and respiratory infections.

Indigenous Groups

Ethnic groups that were the original inhabitants of a given region, maintaining traditions that distinguish them from the dominant groups of the region.