The ace company is affected by the following contingencies at the end of 2015: 1) ace’s legal counsel has concluded that it is probable that the company will be required to pay damages of $400,000 in a lawsuit. 2) expropriation of ace’s foreign assets, valued at $3,000,000, appears reasonably possible. 3) ace’s controller estimates that $30,000 of the company’s receivables are likely to be uncollectible, and will require ace to honor the amounts. 4) it appears remotely possible that a major customer will be unable to repay a note to ace for $100,000. what total amount should ace accrue for loss contingencies in 2015? a. $430,000 b. $3,400,000 c. $3,430,000 d. $530,000

option (A)  $430,000

Explanation:

Given:

Probable required amount to pay damages in a lawsuit = $400,000

Expropriation of Ace’s foreign assets = $3,000,000

uncollectible company’s receivables = $30,000

Note to be not repaid by the major customer = $100,000

Now,

the total amount of loss will only include the uncollectible receivable and the damages paid

therefore,

The total amount Ace accrue for loss contingencies

= $400,000 + $30,000

= $430,000

Hence,

The correct answer is option (A)  $430,000

start by isolating the variable on one side by adding 43w^2 to both sides.   the equation will read:

25w^2+5=0

*subtract 5 from both sides*

25w^2=-5

*divide both sides by 25*

w^2=-1/5

*take the square root of both sides*

w=√(-1/5)

the square root of -1 is i.   the square root of 5 remains √5

the answer is i/√5.

hope this