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

During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $32,220 for computer services to be used next month what was the company's accrual basis net income for the month? select one: a. $302,000 b. $264,080 c. $ 41,860 d. $408,300 e. none of the above