Which of the Following Loss Contingencies Ordinarily Will NOT Be

question 135

Multiple Choice

Which of the following loss contingencies ordinarily will NOT be accrued as liabilities?

• A) Pending lawsuits whose outcome is uncertain.
• B) Guarantees of indebtedness of others.
• C) Disputes over additional income taxes for prior years.
• D) None of these will be accrued.

---

Definitions:

Filter Theory

A perspective in social psychology suggesting that social and cognitive processes filter the stimuli we pay attention to, impacting our perception and interactions.

Personally Irrelevant Information

Information that does not have a direct impact or relevance to one's own life or current situation.

Visual Information

Data perceived through the sense of sight, including images, symbols, signs, and anything else that can be seen and interpreted visually.

Mental Video

The ability to visualize or mentally simulate scenarios, events, or activities as if watching a movie in one's mind.