Which of the Following Is a Contingency That Should Be

question 74

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:

Olympic

Relating to the ancient or modern Olympic Games, a series of athletic competitions among representatives of various countries.

Aerobically

Pertaining to processes or activities that require the presence of oxygen, often used in the context of exercise or cellular metabolism.

Osteoporosis

A condition characterized by weakened bones, increasing the risk of fractures, commonly occurring in the elderly.

Rheumatoid Arthritis

A chronic inflammatory disorder that typically affects the small joints in hands and feet, involving painful swelling and potential joint deformity.