Uncertainties such as natural disasters:
A: Are not contingent liabilities because they are future events not arising from past transactions or events.
B: Are contingent liabilities because they are future events arising from past transactions or events.
C: Should be disclosed because of their usefulness to financial statements.
D: Are estimated liabilities because the amounts are uncertain.
E: Arise out of transactions such as debt guarantees.
A: Are not contingent liabilities because they are future events not arising from past transactions or events.
B: Are contingent liabilities because they are future events arising from past transactions or events.
C: Should be disclosed because of their usefulness to financial statements.
D: Are estimated liabilities because the amounts are uncertain.
E: Arise out of transactions such as debt guarantees.
举一反三
- Which of the following is NOT a characteristic of liabilities?（ ） A: Obligations do not include legal commitment obligations. B: Liabilities arise from transactions or events that have already happened. C: Most liabilities involve an obligation to transfer assets in the future. D: Business is full of uncertainty.
- America succeeded in shaping world events over past 40 years probably because of ___________.
- To Americans, promises to meet the deadlines and appointments are taken very seriously because ______. A: They believe that time should be planned and future events fitted into a schedule B: They dwell too much on the past C: They recognize the present rests on the past D: They have developed their sense of depth of time
- The second step in the analyzing and recording process is to record the transactions and events in the______________.
- For some people, unlucky events are connected because ____.