Which of the Following Statements Is Correct

question 28

Multiple Choice

Which of the following statements is correct?

• A) a provision is a class of liabilities
• B) a contingent liability is a class of liabilities
• C) a provision is a class of contingent liabilities
• D) contingent liabilities and provisions are classes of liabilities

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Definitions:

Internal Organs

Vital organs located within the main cavities of the body, such as the brain, heart, kidneys, liver, and lungs, which perform essential functions necessary for survival.

Axons

Long, threadlike parts of nerve cells along which impulses are conducted from the cell body to other cells.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for rapid action in situations of stress or danger.

Vigorous Activity

Physical action that is intense and energy-demanding, typically raising the heart rate and improving cardiovascular and muscular fitness.