Contingent liabilities must have the following criteria (select all that apply): select one or more: a. the obligation is certain to require payment at some point in the future. b. the obligation will probably require payment at some point in the future. c. the obligation is estimable. d. the obligation will possibly require payment at some point in the future. e. none of the above

Select the correct answer. ramon applied to the state university in the city where he lives, but he was denied admission. what should he do now? a.change his mind about graduating and drop out of high school so he can start working right away. b. decide not to go to college, because he didn’t have a backup plan. c.stay positive and write a mean letter to let the college know that they made a bad decision. d. learn from this opportunity, reevaluate his options, and apply to his second and third choices.