An Asset for a Gain Contingency Should Not Be Accrued

question 28

True/False

An asset for a gain contingency should not be accrued unless it is probable that the gain contingency will be realized.

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Definitions:

Ova

The female reproductive cells or eggs in animals and plants, which when fertilized by male sperm can develop into a new organism.

Genetic-Environment Correlations

The concept describing how genetic factors can influence the likelihood of encountering particular environments, often studied in the context of behavioral genetics.

Genetic-Environment Correlations

The concept that genetic predispositions can influence an individual's environment, and conversely, the environment can affect the expression of genes.

Genetics

The branch of biology that studies genes, genetic variation, and heredity in organisms.