Certain Types of Contingencies Neither Need to Be Accrued nor Disclosed

question 139

True/False

Certain types of contingencies neither need to be accrued nor disclosed in the notes to the financial statements.

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Definitions:

Low-birthweight

A term referring to babies born weighing less than 2,500 grams (5 pounds, 8 ounces), which may be associated with health risks.

Cesarean Sections

A surgical procedure used to deliver a baby through incisions in the mother's abdomen and uterus when natural birth isn't possible or safe.

Induced Labor

The medical process of artificially initiating childbirth, often through the use of medications or other methods, before natural labor begins on its own.

C-section Births

Childbirth through a surgical procedure called a cesarean section, where the baby is delivered through an incision in the mother's abdomen and uterus.