sorry meant to say... which of the following is a CONTINGENCY that should be accrued?...

80.2K

Verified Solution

Question

Accounting

sorry meant to say...

which of the following is a CONTINGENCY that should be accrued?

A.The company offers a 2 year warranty and the expenses can be reasonably estimated. B. The company is being sued and a loss is reasonably possible and reasonably estimable. C. The company deducts life insurance premiums from employees paychecks. D. It's probable that the company will receive a $100000 in settlement of a lawsuit.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students