Contingent liabilities occur when the liability is:
A) Cannot be reliably estimated.
B) Reliably estimated.
C) Probable and can be reliably estimated.
D) Known and determinable.
E) All of these answers are correct.

Question

Quizplus · Accepted Answer

The Answer of Contingent liabilities occur when the liability is:
A) Cannot be reliably estimated.
B) Reliably estimated.
C) Probable and can be reliably estimated.
D) Known and determinable.
E) All of these answers are correct.

Contingent Liabilities Occur When the Liability Is