In Some Countries the Account Reserve for Contingencies May Be

question 65

Multiple Choice

In some countries the account Reserve for Contingencies may be most comparable to which of the following accounts for a company reporting under U.S.GAAP?

• A) Contingency Expense
• B) Retained Earnings Appropriated for Contingencies
• C) Unearned Contingency Fees
• D) Contingency Losses

---

Definitions:

Ideal Pesticide

A hypothetical pesticide that effectively targets and eliminates pests without causing harm to humans, non-target species, or the environment.

Genetic Resistance

The ability of an organism to naturally withstand environmental pressures, diseases, or pests through inherited characteristics.

Synthetic Pesticides

Man-made chemicals used to kill or control pests that affect plants, animals, and humans.

Genetic Resistance

The ability of an organism to naturally resist diseases, pests, or harsh environmental conditions due to its genetic makeup.