An existing condition, situation or set of circumstances that involves uncertainty as to a possible gain, that will be resolved when one or more future events occur or fail to occur is:
A)estimated value.
B)projected event.
C)a contingent asset.
D)a contingent liability.

Question

Quizplus · Accepted Answer

A contingent asset is a potential asset that may arise depending on the outcome of a future event, involving uncertainty and possible gain.

An Existing Condition, Situation or Set of Circumstances That Involves