Which of the Following Contingencies Is Usually Not Accrued in the Accounts

question 95

Multiple Choice

Which of the following contingencies is usually not accrued in the accounts?

• A)uninsured risk of property loss by fire or other hazards
• B)guarantees of indebtedness of others
• C)noncollectibility of receivables
• D)agreements to repurchase receivables that have been sold

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Definitions:

Only Child

A person who has no siblings, potentially influencing their personality traits, social interactions, and psychological development.

Authority

The power or right to give orders, make decisions, and enforce obedience, often invested in individuals or organizations by social or legal means.

Social Interest

A concept developed by Alfred Adler, referring to an individual's attitude towards and awareness of being a part of the human community.

Community Feeling

A sense of belonging and mutual responsibility towards others within a group or society.