Which of the Following Is a Contingency That Should Be

question 58

Multiple Choice

Which of the following is a contingency that should be accrued?

• A) The company is being sued and a loss is reasonably possible and reasonably estimable.
• B) The company deducts life insurance premiums from employees' paychecks.
• C) The company offers a two-year warranty and the expenses can be reasonably estimated.
• D) It is probable that the company will receive $100,000 in settlement of a lawsuit.

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Definitions:

Behavior

Behavior pertains to the actions or reactions of an individual or group in response to external or internal stimuli.

Emotional Labor

The effort required to manage and regulate one's emotions to meet the expectations of a job or social situation, often involving the suppression or display of certain emotions.

Bank Teller

An employee of a bank who deals directly with customers, handling transactions such as deposits, withdrawals, and account inquiries.

Funeral Director

A professional who manages and operates the planning and coordination of funerals, handling logistical and legal aspects.