How are contingent liabilities treated in computing net income from a business for tax purposes?

Question 13 options:

	Contingent liabilities are not deductible in determining net income for tax purposes for a business.
	Contingent liabilities are deductible in determining net income for tax purposes for a business if they have been recognized under ASPE.
	Contingent liabilities are deductible in determining net income for tax purposes for a business if they relate to a lawsuit.
	Contingent liabilities are deductible in determining net income for tax purposes for a business.