When Vince Cummings Was Reviewing Existing or Possible Obligations on the Balance

Multiple Choice

When Vince Cummings was reviewing existing or possible obligations on the balance sheet, he was told that the outcome for these obligations was uncertain and that the company was awaiting a future event. Vince Cummings was reviewing

A) accruals.
B) going concern.
C) materiality.
D) contingent liabilities.