During 2018, leucothea co. became involved in a legal dispute with a supplier. at december 31, 2018, leucothea’s legal advisor believed that an unfavorable outcome was probable. a reasonable estimate of resulting monetary damages is $100,000 but could be as much as $200,000. leucothea has legal liability insurance coverage that limits their loss to $80,000. after the 2018 financial statements were issued, leucothea agreed to settle the case for $125,000. what amount of accrued liability should leucothea have reported in its december 31, 2018 balance sheet?
Answers: 3
Business, 22.06.2019 08:30
What has caroline's payment history been like? support your answer with two examples
Answers: 3
Business, 22.06.2019 19:30
Each row in a database is a set of unique information called a(n) table. record. object. field.
Answers: 3
Business, 22.06.2019 22:40
Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?
Answers: 1
Business, 23.06.2019 02:00
True of false: the chancellor of a university has commissioned a team to collect data on students' gpas and the amount of time they spend bar hopping every week (measured in minutes). he wants to know if imposing much tougher regulations on all campus bars to make it more difficult for students to spend time in any campus bar will have a significant impact on general students' gpas. his team should use a t test on the slope of the population regression.
Answers: 1
During 2018, leucothea co. became involved in a legal dispute with a supplier. at december 31, 2018,...
English, 30.11.2020 06:50
Arts, 30.11.2020 06:50
Mathematics, 30.11.2020 06:50
Geography, 30.11.2020 06:50
Physics, 30.11.2020 06:50
English, 30.11.2020 06:50
Mathematics, 30.11.2020 06:50
Social Studies, 30.11.2020 06:50
Mathematics, 30.11.2020 06:50
Mathematics, 30.11.2020 06:50