subject
Business, 04.06.2021 01:00 angi17e

n its financial statements, an enterprise should accrue a liability for a loss contingency involving a possible cash payment if certain conditions exist. Each of the following is a condition for accrual except: Multiple Choice The payment is probable. The cause of the loss contingency occurred prior to the end of the year. The amount of payment can be estimated before the financial statements are issued. The obligation is a legally enforceable claim.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 16:30
Which type of data does your company collect from customers or potential customers? a. positioning datab. market share datac. primary datad. secondary data select the best answer from the choices provided
Answers: 1
question
Business, 21.06.2019 19:20
Astock with a beta of 0.6 has an expected rate of return of 13%. if the market return this year turns out to be 10 percentage points below expectations, what is your best guess as to the rate of return on the stock? (do not round intermediate calculations. enter your answer as a percent rounded to 1 decimal place.)
Answers: 2
question
Business, 22.06.2019 09:40
Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.
Answers: 2
question
Business, 22.06.2019 14:50
Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of
Answers: 3
You know the right answer?
n its financial statements, an enterprise should accrue a liability for a loss contingency involving...
Questions
question
Mathematics, 04.10.2020 14:01
question
Mathematics, 04.10.2020 14:01
question
History, 04.10.2020 14:01
question
Mathematics, 04.10.2020 14:01
question
Mathematics, 04.10.2020 14:01
Questions on the website: 13722361