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:

Total Logistics Cost

The expenses associated with transportation, materials handling and warehousing, inventory, stockouts (being out of inventory), order processing, and return products handling.

Customer Service

The support offered by a company to its customers before, during, and after a purchase to ensure satisfaction and manage inquiries or complaints.

Logistics Cost Factors

Various expenses related to the transportation, warehousing, and handling of goods within a supply chain.

Customer Service Factors

Elements that influence the quality of support and service provided to customers.