Examples of Contingent Liabilities Include

question 27

Multiple Choice

Examples of contingent liabilities include

• A)lawsuits requesting the company to pay damages for patent liability or product infringement
• B)product warranty claims
• C)payment of obligations of other parties
• D)liabilities for discounted notes receivable
• E)income tax extensions
• F)both A and C
• G)both B and D
• H)both D and E

---

Definitions:

Tissue

Groups of cells with similar structures and functions that work together to perform specific activities in the body.

Keratinized

Keratinized refers to cells, especially those in the skin, nails, and hair, that become filled with keratin protein, providing a tough and protective property.

Stratified Squamous Epithelium

A type of epithelial tissue composed of multiple layers of flat cells, providing protection against abrasion.

Simple Cuboidal Epithelium

A type of single-layered epithelium consisting of cube-shaped cells, often found in glands and their ducts.