which of the following loss contingencies is not usually accrued? 1)risk of loss

Question

which of the following loss contingencies is not usually accrued? 1)risk of loss from fire 2) premium offer obligations 3) non collectibility of receivables 4) product warranty obligations which of the following loss contingencies is not usually accrued? 1)risk of loss from fire 2) premium offer obligations 3) non collectibility of receivables 4) product warranty obligations which of the following loss contingencies is not usually accrued? 1)risk of loss from fire 2) premium offer obligations 3) non collectibility of receivables 4) product warranty obligations

Explanation / Answer

The correct answer is 2) Premium Offer obligations

Vested rights are not contingent in nature therefore premium offer obligations are not usually accrued.

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