Weston industries has a potential contingent liability that is considered reasonably possible. the company must now prepare a footnote to its financial statements describing the contingent liability. which of the following does not need to be included in this footnote?
a. there is potential for future payment to an outside party or the impairment of an asset that resulted from an existing condition.
b. there is uncertainty about the amount of the future payment or impairment.
c. the outcome will be resolved by some future event or events.
d. there is uncertainty about the risks involved.

Northington, inc. is preparing the company's statement of cash flows for the fiscal year just ended. using the following information, determine the amount of cash flows from operating activities using the indirect method: net income$182,000gain on the sale of equipment12,300proceeds from the sale of equipment92,300depreciation expense—equipment50,000payment of bonds at maturity100,000purchase of land200,000issuance of common stock300,000increase in merchandise inventory35,400decrease in accounts receivable28,800increase in accounts payable23,700payment of cash dividends32,000 $189,400.$332,200.$236,800.$261,400.$186,800.

The law of demand is the assertion that ?

Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.