When a Contingency Must Be Accrued Under IFRS, the Charge

question 87

Multiple Choice

When a contingency must be accrued under IFRS, the charge is referred to as

• A)an extraordinary loss
• B)a provision
• C)an appropriation
• D)a risk expense

---

Definitions:

Urethra

A tube that conveys urine from the urinary bladder to the outside of the body in both sexes, and also conveys semen in males.

Bladder

A hollow organ in the lower abdomen that stores urine from the kidneys before it is excreted from the body.

Distal Convoluted Tubule

A portion of kidney nephron between the loop of Henle and the collecting duct system, involved in the reabsorption of water and ions.

Proximal Convoluted Tubule

The part of the nephron in the kidney where reabsorption of water, ions, and all organic nutrients occurs.