Contingent liabilities will or will not become actual liabilities depending on:
A) Whether they are probable and estimable
B) The degree of uncertainty
C) The present condition suggesting a liability
D) The outcome of a future event

Question

Quizplus · Accepted Answer

Contingent liabilities depend on the outcome of a future event to determine if they will become actual liabilities.

Contingent Liabilities Will or Will Not Become Actual Liabilities Depending