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:

Vygotskian Theory

A theory of cognitive development proposed by Lev Vygotsky, emphasizing the role of social interaction and cultural context in the development of cognition and learning.

Cognitive Development

The progression and growth of mental processes such as thinking, reasoning, and understanding through different stages of life.

Cultural Influence

The impact that culture has on the way individuals perceive, behave, and interact within society, shaping their values, norms, and practices.

Executive Functions

Executive functions are a set of cognitive processes including attentional control, inhibitory control, working memory, and cognitive flexibility, which are necessary for the cognitive control of behavior.