Multiple Choice
A contingent liability is best described as a(n)
A) current liability.
B) probable liability.
C) potential liability.
D) estimated liability.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q81: An estimated liability is not a definite
Q82: A company purchases an asset on a
Q83: Product warranties are an expense of the
Q84: Which of the following descriptions would not
Q85: Total payroll for a given week is
Q87: Jeffrey Gray is paid $6 per hour,plus
Q88: A customer is injured using a company's
Q89: Liabilities generally arise from expected future transactions.
Q90: Calculate answers to the following using future
Q91: Which of the following is both an