Which of the following statements is false?
a. a contingent liability is a potential obligat...
Business, 03.12.2019 05:31 fluffyanimal456
Which of the following statements is false?
a. a contingent liability is a potential obligation that depends on the future outcome of past events.
b. a contingent liability should be disclosed in the notes to the financial statements if there is a reasonable possibility that a loss (or expense) will occur.
c. a contingent liability should be accrued if the loss is probable and the amount of the loss can be reasonably estimated.
d. all contingent liabilities should be reported as liabilities on the financial statements, even those that are unlikely to occur.
Answers: 2
Another question on Business
Business, 22.06.2019 15:20
Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is
Answers: 2
Business, 23.06.2019 00:20
Firms like papa john’s, domino’s, and pizza hut sell pizza and other products that are differentiated in nature. while numerous pizza chains exist in most locations, the differentiated nature of these firms’ products permits them to charge prices above marginal cost. given these observations, is the pizza industry most likely a monopoly, perfectly competitive, monopolistically competitive, or an oligopoly industry?
Answers: 1
Business, 23.06.2019 00:30
Emerson has an associate degree based on the chart below how will his employment opportunities change from 2008 to 2018
Answers: 3
Business, 23.06.2019 00:30
2. which of the following statements about interest is true? a. interest is a one-time fee that you pay for lending money. b. interest is expressed as a percentage of the amount you are borrowing. c. because interest rates tend to be small numbers, they typically don't have much effect on the price of the goods you're purchasing. d. interest is a penalty that you pay when you don't pay your bills on time.
Answers: 1
You know the right answer?
Questions
Mathematics, 08.06.2020 19:57
Mathematics, 08.06.2020 19:57
Geography, 08.06.2020 19:57
Mathematics, 08.06.2020 19:57
Mathematics, 08.06.2020 19:57
Mathematics, 08.06.2020 19:57
Mathematics, 08.06.2020 20:57
