Which of the Following Is Not a Characteristic of an Estimated

question 71

Multiple Choice

Which of the following is not a characteristic of an estimated liability?

• A)The liability is known to exist.
• B)The precise dollar amount cannot be determined until a later date.
• C)The liability should not be recorded in the accounting records until future events have determined the exact amount.
• D)The liability stems from past transactions.

---

Definitions:

Narcissistic Personality Disorder

A mental condition characterized by a long-term pattern of exaggerated self-importance, need for excessive attention, and lack of empathy for others.

Self-Focused

describes a state or tendency of concentrating attention on oneself, often at the expense of considering others or the external environment.

Antisocial Personality Disorder

Antisocial Personality Disorder is a mental condition where a person consistently shows no regard for right and wrong and disregards the rights, feelings, and safety of others.

Guilt

Guilt is a complex emotional response that arises when a person believes they have caused harm or violated a moral standard.