Which of the Following Contingencies Is Usually Accrued

question 64

Multiple Choice

Which of the following contingencies is usually accrued?

• A)risk of loss from fire
• B)expected proceeds from insurance settlement
• C)bad debts
• D)discovery of possible mineral reserves on company property

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Definitions:

Employee Absenteeism

The habitual non-presence of an employee at their job, which may be due to illness, personal issues, or dissatisfaction with work.

Causal Force

An influence that can lead to changes or directly impact the outcome in a cause-and-effect relationship.

Psychological Significance

The importance or meaning of an event, experience, or behavior in terms of its impact on an individual's psychological state.

Expensive

Involving a high cost or requiring considerable expenditure of resources.