In Some Countries the Account Reserve for Contingencies May Be

question 65

Multiple Choice

In some countries the account Reserve for Contingencies may be most comparable to which of the following accounts for a company reporting under U.S.GAAP?

• A) Contingency Expense
• B) Retained Earnings Appropriated for Contingencies
• C) Unearned Contingency Fees
• D) Contingency Losses

---

Definitions:

Cyanosis

A bluish or purplish discoloration of the skin and mucous membranes due to insufficient oxygenation of the blood.

Pulmonary Embolism

A blockage in one of the pulmonary arteries in the lungs, often caused by blood clots that travel to the lungs from the legs or other parts of the body.

Polycythemia Vera

A rare blood disorder characterized by an increased level of red blood cells, leading to thickened blood and various complications.

Enoxaparin

A low-molecular-weight heparin used as an anticoagulant to prevent and treat deep vein thrombosis and pulmonary embolism.