Which of the Following Is a Contingency That Should Be

question 91

Multiple Choice

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

• 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:

Republican

Pertaining to a political ideology centered on limited government intervention in the economy, strong national defense, and conservative social policies, often associated with the Republican Party in the United States.

Political Parties

Organized groups of people with similar political aims and opinions that seek to influence public policy by gaining elected positions.

Power Resource Theory

Holds that the distribution of power between major classes partly accounts for the successes and failures of different political parties.

Political Parties

Organized groups of people with similar political ideologies and objectives that seek to influence public policy and government by getting their candidates elected to office.