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

---

Definitions:

Tablet Computer

A portable computing device featuring a touchscreen interface and is larger than a smartphone but smaller than a laptop.

Odds

A ratio representing the probability that a particular event will take place compared to the probability that it will not.

Logistic Regression

A statistical method used for modeling the outcome of a binary dependent variable based on one or more predictor variables.

Test Statistic

A value calculated from sample data to evaluate a hypothesis in statistics.