menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Principles
  4. Exam
    Exam 11: Current Liabilities and Payroll Accounting
  5. Question
    If a Liability Is Dependent on a Future Event It
Solved

If a Liability Is Dependent on a Future Event It

Question 23

Question 23

Multiple Choice

If a liability is dependent on a future event it is called a


A) potential liability.
B) hypothetical liability.
C) probabilistic liability.
D) contingent liability.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q18: Fig Company had cash sales of $65100

Q19: FICA taxes and federal income taxes are

Q20: Which one of the following is shown

Q21: Rich Harvest Company sells a product that

Q22: Most companies pay current liabilities<br>A) out of

Q24: A cash register tape shows cash

Q25: Match the items below

Q26: From a liquidity standpoint it is more

Q27: Assuming a FICA tax rate of 7.65%

Q28: Obligations in written form are called _

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines