Contingent liabilities are only recognized if they arise from past events. Group startsTrue or False

Answers

Answer 1

The question which asks if contingent liabilities are only recognized if they arise from past events is:

False

According to the given question, we are asked to see that we need to find out if contingent liabilities are only recognized if they arise from past events or whether there are other factors involved.

As a result of this, we can see that contingent liabilities has to do with a liability which can occur later in the future and which the finance can be adequately estimated or calculated, such as a potential lawsuit which could lead to an out of court settlement.

Therefore, the correct answer is False

Related Questions

Which is an advantage to buying something online?

You can try it right away.

You can take it home with you.

You can compare prices more easily.

You might have to pay for shipping.

Answers

Answer:

pay for shipping :)

Explanation:

Hope it helppsss

Plss help me NO LINKS AND I MEAN IT NO LINKS IF LINKS YOU WILL BE REPORTED AND DON'T DO IT JUST FOR POINTS

Companies perspective: I believe the benefits of gated content is giving content to a specific amount of people.

Customers perspective: The content is nice because, it gives me access.

Please answer the question picture above.

Answers

Answer: No i would not

Explanation:

The correlation between absenteeism and turnover is ______ the correlation between tardiness and turnover.

Answers

The correlation between absenteeism and turnover is stronger than the correlation between tardiness and turnover.

Absenteeism simply refers to a pattern where an employee misses work without giving a good reason. Turnover is the number of an employer's workforce that must be replaced as a result of the separation of employees from the workplace.

It should be noted that the correlation between absenteeism and turnover is stronger than the correlation between tardiness and turnover. When employees continually don't come to the office, this will lead to the employers looking for someone to fill in for them.

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https://brainly.com/question/25525397

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