$79$

TB MC Qu$.09-57($Static$)$ A contingent...

A contingent liability is:

$1\mathrm{.}25$

points

$07\mathrm{.}34\mathrm{.}56$

Multiple Choice

An obligation arising from a future event.

A potential obligation that depends on a future event arising from a past transaction or event.

Always of a specific amount.

An obligation arising from the purchase of goods or services on credit.

An obligation that will never require a future payment.

Me