Determinable liabilities involve no uncertainty about all of the following EXCEPT
A) the existence of the liability.
B) the amount of the liability.
C) the eventual payment of the liability.
D) all of the above involve no uncertainty with respect to the determinable liability.

Question

Quizplus · Accepted Answer

Determinable liabilities are characterized by certainty in terms of their existence, amount, and the eventual need for payment. Therefore, all the options listed (existence, amount, and payment) involve no uncertainty in the context of determinable liabilities.

Determinable Liabilities Involve No Uncertainty About All of the Following