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  • Which of The Following Contingencies Is Usually Not Accrued in The Accounts

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    JAHNHANNALEI MARTICIO
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    This document discusses contingencies that may or may not be accrued in accounting records. Contingencies such as uninsured risk of property loss or guarantees of indebtedness are usually accrued. However, agreements to repurchase receivables that have been sold are usually not accrued in the accounts.

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    accounting

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    Which of the Following Contingencies is Usually Not Accrued in the Accounts

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    This document discusses contingencies that may or may not be accrued in accounting records. Contingencies such as uninsured risk of property loss or guarantees of indebtedness are usually accrued. However, agreements to repurchase receivables that have been sold are usually not accrued in the accounts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    93 views1 page

    Which of The Following Contingencies Is Usually Not Accrued in The Accounts

    Uploaded by

    JAHNHANNALEI MARTICIO
    This document discusses contingencies that may or may not be accrued in accounting records. Contingencies such as uninsured risk of property loss or guarantees of indebtedness are usually accrued. However, agreements to repurchase receivables that have been sold are usually not accrued in the accounts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    1. Which of the following contingencies is usually not accrued in the accounts?

    a. Uninsured risk of property loss by fire or other hazards


    b. Guarantees of indebtedness of others
    c. Noncollectibility of receivable
    d. Agreements to repurchase receivables that have been sold

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