Question 9 Contingent liabilities: include tax withholdings from employees. are never recorded in the accounts. are always recorded in the accounts. are disclosed only if it is probable that the future event will occur. None of these -> A Moving to another question will save this response. Question 10 2.5 points Sovet The weighted average inventory unit price is the unit purchase price associated with each purchase, divided by the number of purchases during the period. True False stion 18 2.5 points Save Answ An asset is sold for half of its cost and twice its residual value. The asset is half way through its useful life and straight-line depreciation method was used. The asset was sold at a loss. There was no gain or loss on the sale, The asset was sold at a gain, The asset was sold at net book value. inn 1 Question 21 Which of the following items does not qualify as a contingent liability? Loaning money to another party who may not be able to repay. Unresolved environmental damage claims brought by the government. Being named as a defendant in a lawsuit. Negligently causing harm to another, but a lawsuit has not yet been filed. None of these