A responsibility or possible loss that could materialize in the future based on how a particular occurrence plays out is known as a contingent liability.
<h3>What is contingent liability?</h3>
A responsibility or possible loss that could materialize in the future based on how a particular occurrence plays out is known as a contingent liability. Contingent liability can take the form of pending investigations, product warranties, and potential lawsuits. Liabilities that may be incurred by a company dependent on the result of an uncertain future event, such as the result of an ongoing lawsuit, are known as contingent liabilities.
When they are both probable and reasonably estimable as a "contingency" or "worst case" financial consequence, these obligations are not recorded in a company's records and are not displayed on the balance sheet. The kind and size of the contingent liabilities may be described in a footnote to the balance sheet. It is feasible to categories a loss's possibility as remote, improbable, or probable.
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Answer:
72 hours, 12months
Explanation:
When a user gets locked out of his/her account, it is usually investigated within 72 hours of the complaint being laid. that is 3days.
When the reason is found and and told to the user, the reason is documented and kept for 12 months within which time if there is any need for reference, the document can be easily retrieved and gone through.
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Answer:.c. Yes, deceptively passing one's goods off as designed by someone else is wrong
Explanation:This is like plagiarism or illegally coping of one's own music, anything that has to do with copying someone else work is illegal be wise you are taking someone else's work and jeopardizing its value when you make it a copy.
People will think these copies are original Gorgo Ormani and because it is likely that Annette will make them cheaper they will buy more of these fake items instead of buying the original hence she will also be negatively affecting the market for this brand.
You can't copy something that isn't yours because you don't have that right hence this is deceptive action and legally wrong.
Yes. Roberey can include fake money.
Answer:
b. He will prefer $85 two years from now.
Explanation:
Before making the choice, lets first calculate the present values of these cash flows,
PV factors @ 10% are as follows,
Year 1 = 0.909
Year 2 = 0.8265
Year 3 = 0.7513
Present value of 75 = 75 * 0.909 = 68.175
Present value of 85 = 85 * 0.8265 = 70.25
Present value of 90 = 90 * 0.7513 = 67.617
A rational individual thus would chose $85 two years from now as it yields the max present value.
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