subject
Business, 18.04.2020 04:13 caitlynnpatton1208

Household Solutions manufactures kitchen storage products. During the year, the company became aware of potential costs due to

(1) a recently filed lawsuit for patent infringement for which the probability of loss is remote and damages can be reasonably estimated,
(2) another recently filed lawsuit for food contamination by the plastics used in Household Solutions’ products for which a loss is probable but the amount of loss cannot be reasonably estimated, and
(3) a new product warranty that is probable and can be reasonably estimated. Which, if any, of these costs should be accrued?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:30
Andrew cooper decides to become a part owner of a corporation. as a part owner, he expects to receive a profit as payment because he has assumed the risk of - serious inflation eroding the purchasing power of his investment.- being paid before the suppliers and employees are paid.- losing his home, car, and life savings.- losing the money he has invested in the corporation and not receiving profits.- the company giving all of the profits to local communities
Answers: 2
question
Business, 22.06.2019 06:00
When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.
Answers: 3
question
Business, 22.06.2019 18:10
Find the zeros of the polynomial 5 x square + 12 x + 7 by factorization method and verify the relation between zeros and coefficient of the polynomials
Answers: 1
question
Business, 22.06.2019 23:30
Sole proprietorships produce more goods and services than does any other form of business organization.
Answers: 2
You know the right answer?
Household Solutions manufactures kitchen storage products. During the year, the company became aware...
Questions
question
Mathematics, 31.03.2021 21:20
Questions on the website: 13722360