How are contingent liabilities treated in computing net income from a business for tax purposes? Question 13 options: a) Contingent liabilities are not deductible in determining net income for tax purposes for a business. b) Contingent liabilities are deductible in determining net income for tax purposes for a business if they have been recognized under ASPE. c) Contingent liabilities are deductible in determining net income for tax purposes for a business if they relate to a lawsuit. d) Contingent liabilities are deductible in determining net income for tax purposes for a business