Question
sorry meant to say... which of the following is a CONTINGENCY that should be accrued? A.The company offers a 2 year warranty and the expenses
sorry meant to say...
which of the following is a CONTINGENCY that should be accrued?
A.The company offers a 2 year warranty and the expenses can be reasonably estimated. B. The company is being sued and a loss is reasonably possible and reasonably estimable. C. The company deducts life insurance premiums from employees paychecks. D. It's probable that the company will receive a $100000 in settlement of a lawsuit.
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Financial Accounting Theory
Authors: William R Scott
5th Edition
0132072866, 978-0132072861
