Which of the Following Sets of Conditions Would Give Rise

question 52

Multiple Choice

Which of the following sets of conditions would give rise to the accrual of a contingency under current generally accepted accounting principles?

• A) Amount of loss is reasonably estimable and event occurs infrequently.
• B) Amount of loss is reasonably estimable and occurrence of event is probable.
• C) Event is unusual in nature and occurrence of event is probable.
• D) Event is unusual in nature and event occurs infrequently.

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Definitions:

Digit or Letter

A term categorizing alphanumeric characters, including both digits (0-9) and letters (A-Z, a-z).

Boxing

A process of converting a primitive type into its corresponding object type, enhancing the functionality of the primitive value by allowing it to interact with methods.

Unboxing

The automatic conversion of an object from a wrapper class (like Integer) to its corresponding primitive type (like int) in Java.

Package

In programming, a namespace that organizes classes and interfaces by functionality, making the code easier to manage and use.