_____________ Represents Funds Set Aside for Contingencies,such as Legal Action

question 12

Short Answer

_____________ represents funds set aside for contingencies,such as legal action against the institution,as well as providing a reserve for dividends expected to be paid but not yet declared,and a sinking fund to retire stock or debt in the future.

---

Definitions:

Organic Product

A compound containing carbon atoms, often derived from living organisms or synthesized in laboratories.

Imines

Organic compounds characterized by the group C=N, formed by the condensation of an aldehyde or ketone with an amine.

Acid-Catalyzed

A chemical reaction that is accelerated in the presence of an acid, which acts as a catalyst to increase the rate of the reaction.

Organic Product

A compound or material derived from living organisms or produced through organic reactions.