Each Accounting Period,Harris Company Department Store Charges a Bookkeeping Account

question 43

Multiple Choice

Each accounting period,Harris Company Department Store charges a bookkeeping account for its estimated shoplifting losses.The method that Harris Company Department Store uses to fund its retained shoplifting losses is a(n)

• A)private insurance policy.
• B)captive insurer.
• C)credit line.
• D)unfunded reserve.