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

Question

Quizplus · Accepted Answer

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

Contingent Liabilities Occur When the Liability Is