A Contingent Liability Is

question 96

Multiple Choice

A contingent liability is:

• A)Always of a specific amount.
• B)A potential obligation that depends on a future event arising from a past transaction or event.
• C)An obligation not requiring future payment.
• D)An obligation arising from the purchase of goods or services on credit.
• E)An obligation arising from a future event.

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Definitions:

Universal Rights

Rights that are believed to belong to every person regardless of race, gender, nationality, ethnicity, language, religion, or any other status.

Gender Coercion

The act of forcing individuals to conform to traditional gender roles or behaviors against their will.

Sexual Jokes

Humor that involves sexual themes, innuendos, or references, which can sometimes be inappropriate or offensive.

Gender Harassment

A form of harassment that targets individuals based on their gender, encompassing a wide range of unwanted behaviors from sexist remarks to overt discrimination.