Bruce has just graduated from college and decides that instead of buying insurance, he'll just save in an emergency fund. If something goes wrong, he can just pay for it with his emergency fund. Why is this a bad idea

In a recent annual report, apple computer reported the following in one of its disclosure notes: "warranty expense: the company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." this note exemplifies apple's use of: (a) conservatism.(b) matching. (c) realization principle. (d) economic entity.