A company is involved in a lawsuit for which the contingent liability is remote. How should the liability be treated on the balance sheet

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Answer 1

A company is involved in a lawsuit for which the contingent liability is remote. The liability should be treated on the balance sheet as unrecorded and undisclosed.

On the balance sheet, the liability should be treated in a manner that is unrecorded and undisclosed:

The balance sheet stands for a financial statement that communicates the book value of a particular organization. Contingent liabilities rely upon the outcome of an unlikely event. These contingent obligations become liabilities in the future. If the contingent liability happens to be remote, then it must not be reflected in the balance sheet. The liability should be treated on the balance sheet as unrecorded and undisclosed.

Therefore, if a company is involved in a lawsuit for which the contingent liability is remote then the liability should be treated on the balance sheet as undeclared and undisclosed.

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Related Questions

The Damage Inventory will be used by the ____________ to group damage line items into projects. After grouping, the line items will be used to generate Site Inspection Work Orders.

Answers

The correct answer to fill the blank is Program Delivery Manager. The Damage Inventory is going to be used by the Program Delivery Manager

What is the damage inventory?

The damage inventory has to do with the fact that the inventory has become so damaged that they have become useless.

They are the activities for which a person is trying to get public assistance reimbursement for.

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Which of the following can be used to pierce the corporate veil? Group of answer choices adequate capitalization alter ego theory formation of the corporation to avoid personal liability

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The answer is adequate capitalization.

In legal terms, piercing the Corporate Veil refers to a circumstance in which the court lifts limited liability and holds the corporation's owners and/or directors personally liable for the corporation's debts or acts. In many ways, the idea violates the widely held belief that a corporation is an autonomous legal entity with full accountability for its debt as well as the advantages arising from credit provided to it.

The Corporate Veil is a barrier that shields members from the company's actions. Simply put, if a firm breaches a law or incurs obligation, its members cannot be held accountable.

Hence , the correct option is adequate capitalization.

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planning is the process of identifying long-term organizational goals, strategies, and resources. a. Prospect b. Strategic c. Vertical

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the type of planning mentioned in the question is strategic planning

Long term strategic planning-

The key to a a success long-term strategic planning system is to be able to pick out the central capabilities you'll require, after which start straight away to broaden or to accumulate the core capabilities in order to be strongly located for the markets and opposition in the future. To have a a successful planning system, you should take the essential steps withinside the brief time period to assure that you'll reap the profitability which you prefer within the long time period.  This capacity to suppose long-term has in no way been greater crucial or greater treasured than it is today.  It is an actual key to profitability.

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If the multiplier equals 2 and the AD shortfall is $6 million, the desired fiscal stimulus is

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If the multiplier equals 2 and the AD shortfall is $6 million, the desired fiscal stimulus is $3 million.

What is the shortfall?

The term shortfall has referred to the deficiency of something in the market. When the availability of goods is not adequate and suppliers fail to provide them. This situation is considered as shortfall.

To calculate the desired fiscal stimulus

desired fiscal stimulus= AD shortfall/ Multiplier

                                    =$6 million/ 2

                                    = $3 million

Therefore, the desired fiscal stimulus is $3 million.

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Robots
y-axis
.
B
.
A
D
What does Point B identify?
What does Point X identify?
Soap
x-axis
Having trouble reading the graph? This description will help.
Soap is along the x-axis.
Robots are along the y-axis.
• Points B, D, and C are on the curve line.
• Point A is inside the curve line.
• Point X is outside the curve line.
Use the PPC above to answer the following questions.

Answers

Based on the PPC given, the points given would represent the following:

Point B = Efficient use of resources. Point X = Impossible use of resources. Point A = Underutilized resources.

What do points on the PPC represent/

Points on the curve represent the efficient usage of resources because they show that all available resources are being used. Points B, C, and D are therefore all efficient.

Point X is impossible because all points outside of the PPC are not attainable due to a lack of resources. Point A shows that the available resources are not being fully utilized.

Options to describe the points:

Efficient use of resources Under utilized resources Economic growth Trade-off Opportunity cost

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The dollar is said to appreciate against the euro if the exchange rate falls. choose one:
i. Other things the same, it will cost fewer euros to buy U.S. goods. the exchange rate falls. ii. Other things the same, it will cost more euros to buy U.S. goods. the exchange rate rises. iii. Other things the same, it will cost fewer euros to buy U.S. goods. the exchange rate rises. iv. Other things the same, it will cost more euros to buy U.S. goods.

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For equipment purchased from the United States, European businesses will pay less in euros.

What would happen if the US dollar increased in value relative to the euro?The dollar now "buys" more euros if the exchange rate between the two currencies rises to $1 for 0.94€. As a result, purchasing European items is now more affordable. As U.S.-made goods are now more expensive, U.S. exports would decrease while imports from nations that use the euro would increase.An increase in the value of one currency in comparison to another is known as currency appreciation. For a variety of factors, including governmental policies, interest rates, trade balances, and business cycles, currencies appreciate against one another.

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________ is an accounting procedure for systematically spreading the cost of a tangible asset over its estimated useful life.

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depreciation is an accounting procedure for systematically spreading the cost of a tangible asset over its estimated useful life.

The term depreciation refers to the accounting method used to spread the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of the value of an asset has been used. It allows businesses to generate income from the assets they own by paying them over a period of time.

From an accounting perspective, depreciation is defined as a systematic reduction in the recorded cost of a fixed asset until the value of the asset becomes zero or negligible. Examples of fixed assets include buildings, furniture, office equipment and machinery.

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What types of property are a regular investment target of pension funds, publicly traded real estate companies, and real estate funds, large commercial properties valued well over $10 million ?

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investment-grade properties are a regular investment target of pension funds, publicly traded real estate companies, and real estate funds, for large commercial properties valued at well over $10 million.

What are pension funds?

Any plan, fund, or scheme that offers retirement income is referred to as a pension fund, also known as a superannuation fund in some countries. Pension funds are collections of monetary contributions from pension plans established by employers, unions, or other groups to cover the retirement benefits of their members or employees.

Up until recently, the majority of pension funds' investments were made in stocks and bonds, frequently employing a liability-matching technique. These days, they put more money into a wide range of asset sectors, including infrastructure, private equity, real estate, and commodities like gold that can act as inflation hedges.

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An income statement reporting variances from standard costs a.follows GAAP. b.is for either internal or external use. c.is for external use only. d.is for internal use only.

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d.is for internal use only. is the answer

An income statement is one of a company's financial statements that shows the company's income and expenses over a particular period of time. This shows how revenue is converted into net income or net income.

The income statement is a report showing how much a company has made in a given period of time (usually a year or part of a year). The income statement also shows the costs and expenses associated with generating that income. Also known as an income statement (P & L), it is usually prepared quarterly or yearly.

It also shows whether the company is making a profit or losing money for a period of time. The income statement, along with the balance sheet and cash flow statement, helps you understand the financial position of your business.

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Small-business owners have the opportunity to set the ethical tone for their companies. Modeling ethical behavior is key. Group of answer choices True False

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Small-business owners such as entrepreneurs have the opportunity to set the ethical tone for their businesses (companies) because modeling ethical behavior is key.

What are ethics?

Ethics can be defined as a set of unwritten and written standards, principles, values or rules of moral conduct that are established to guide human behaviors, especially with respect to their relationship with others.

This ultimately implies that, small-business owners such as entrepreneurs have the opportunity to set the ethical tone for their businesses (companies) and employees because modeling ethical behavior is key.

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A company with technical support staff in another country mostly benefits from changes to.

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A company with technical support staff in another country mostly benefits from changes to communications.

A verbal exchange degree specializes in how humans engage and talk with each other. Previous to the digital age, communication diploma programs had been restrained to the take a look at of verbal interactions and communique in traditional print mediums consisting of newspapers.

Communications experts deal with public relations, statistics output, and media requests. They can also plan social media campaigns or marketing efforts for a commercial enterprise. Universal, make sure an enterprise has high-quality and powerful marketing each time a marketing campaign is within the works.

Nowadays, possibilities abound for the communique grad, and they're wider attaining and better paying than ever. As an example, the 2015 median pay for writers become extra than $60,000, editors and public relations specialists greater than $fifty six, 000 and for technical writers it was greater than $70,000.

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Answer: b. communications

Explanation:

Allison is facing challenges because of changes to the toy product lines and quality goals. Which category of pressure for organization change is she contending with

Answers

The category of pressure for organization change is she contending with is: Competition

What is Competition?

Competition can be defined as the process of competing with others or the  pressures for organization change by competing with competitors, leading to creating  products with more characteristics or features .

Hence,  based on the scenario the category of pressure for organization change is she contending with is Competition.

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NEED AN ANSWER ASAP!!
Any answer thats put to just earn pts will be reported and the pts will be removed!

Jasmin purchased a bond priced at 1000.00 issued by Valley’s Trucking whose market value is 600,000. The annual coupon rate is 5%

Given the above information, what is the current yield?

Answers

Answer:

3000%

Explanation:

Parul works for a state agency that conducts random checks of financial records and transactions after expenditures and reviews accounts of disbursing officers of all state funds to assure legal compliance. What function does Parul perform for the state

Answers

Parul is performing auditing function.

What is auditing?

Auditing is a process of examination of various books of accounts by an auditor to make sure that all departments are following documented system of recording transactions.

It s a proper inspection of financial records and transactions which is done to ascertain the accuracy of financial statements.

The three types of auditing are external audits, internal audits, and Internal Revenue Service (IRS) audits.

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Caterpillar is a manufacturer of heavy equipment. The company imports steel parts such as buckets for end loaders from China. Once the products arrive from China, Caterpillar must remove rust from the items that developed during ocean transport. What area of the marketing mix best characterizes this issue related to the imported steel parts

Answers

Answer - Place.

Place is the area of marketing mix that best characterizes this issue.

How the issues of rust takes place?

Because Seawater contains a significant concentration of dissolved salts and is very corrosive to steel, infrastructure and assets in or near marine environments are particularly susceptible to corrosion. Efforts to mitigate corrosion in marine environments continue as industries develop and implement solutions to prevent asset degradation.

Strategy to address this Issue.

The overarching strategy is to keep the expected service life of the steel parts in mind. Usually a steel part is designed to meet a 25-year life at the lowest cost. At the design stage, an analysis determines whether it is most profitable to initially invest in higher-cost materials that will reduce maintenance costs over time, or to use more economical materials up front and plan for higher maintenance costs as the steel is maintained throughout its service life.This strategy addresses the life of the steel from the cradle to the grave. Once initial construction costs are determined, expected consequences and their costs are plotted over time. Then the most economical approach for a successful 25-year life is selected. This approach requires sound economic policy and an appropriate projection of probable consequences over time.

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What two steps can a project manager take to overcome the planning fallacy?

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Two steps that a project manager should take to overcome the planning fallacy are:

A) Meet with teammates to uncover potential risks.

C) Consider all risks and carefully examine them.

The planning fallacy is a phenomenon in which predictions about how an awful lot of time might be wished to finish a future task show an optimistic bias and underestimate the time needed.

commonly, participants in those research show off the making plan fallacy. As an example, college college students are generally renowned that they've commonly completed beyond assignments very close to their deadlines, yet they insist that they will end the following undertaking well in advance of the brand new cut-off date.

The making plans fallacy refers to a prediction phenomenon, all too familiar to many, wherein humans underestimate the time it'll take to finish a future task, in spite of the information that previous responsibilities have commonly taken longer than planned.

The question is incomplete. Please read below to find the missing content.

What two steps can a project manager take to overcome the planning fallacy?

A)Meet with teammates to uncover potential risks.

B)Expand the project’s scope.

C)Consider all risks and carefully examine them.

D)Increase the project’s budget.

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A company selling in a country with a strong currency while sourcing from a country with a weak currency ________. Group of answer choices improves its profits

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A company's revenues increase when it sells in a country with a strong currency while sourcing from a country with a weak currency.

A weak currency is a country's currency that has lost value in contrast to other currencies. Weak currencies are frequently associated with countries that have poor economic foundations or governance systems. A country looking to increase its exports in global markets may also favor a weak currency.

A strong currency is one whose worth relative to other currencies is increasing, as seen by a drop in the currency's direct exchange rates.

When an exchange rate changes, the value of one currency rises while the value of the other falls. A currency is considered to have appreciated when its value rises. When the value of a currency falls, however, it is said to have depreciated.

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Because state corporate laws differ, persons wishing to incorporate may look for the state that offers the most advantageous tax or other provisions. Group of answer choices False True

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This is true Because state corporate laws differ, persons wishing to incorporate may look for the state that offers the most advantageous tax or other provisions.

State corporate laws

The primary law regulating corporation management and activities is state corporate law. Each state adopts its own corporate statutes and creates its own common law to interpret those statutes. In general, shareholders who want to file lawsuits to enforce their rights must do so in accordance with state law.

State laws are generally responsible for establishing and regulating corporations, and many of them adopt the ABA's Model Business Corporation Act.

Corporate lawyers advise corporations on their rights and obligations in order to ensure that all of their transactions are compliant with the law. In essence, they strive to ensure that businesses make decisions that are both beneficial and legal.

Given that it imposes no taxes on corporation income, corporate shares, franchises, or personal income, Nevada frequently tops the list of places to incorporate for tax reasons.

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How many business days after you submit your application will you receive a loan estimate form?.

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Within three business days after you submit your application will you receive a loan estimate form.

A Loan Estimate is a three-page form that you receive after making use of a mortgage. The mortgage Estimate tells you crucial information about the loan you've got requested. The lender ought to offer you a mortgage Estimate within three enterprise days of receiving your utility. The Loan Estimate is a shape that took impact on Oct.

The mortgage estimate let you apprehend any mortgage you follow, whether you're buying a domestic or refinancing one. For the amount, kind, and term of the loan you've implemented, the loan estimate will show your projected final prices, monthly price, interest charge, and annual percentage charge, amongst different info.

The Loan Estimate has to be provided to purchasers no later than three enterprise days when they post a mortgage application. the second shape (final Disclosure) is designed to provide disclosures as a good way to be useful to customers in understanding all the fees of the transaction.

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Consumers determine value of the product on the basis of _______. a. perceived satisfaction b. the opportunity cost to buy the product c. what other people buy d. discounts availed

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Consumers determine value of the product on the basis of the opportunity cost to buy the product.

Opportunity cost – in macroeconomic theory, the opportunity cost of one activity is the loss of value or benefit that would be incurred by engaging in that activity, in comparison to engaging in an alternative activity offering better return in value or benefit.

When the consumers calculate the value of product, they look at the benefits and then subtract the cost to see if the benefits exceed the costs.

Therefore the consumers determine value of product on the basis of opportunity cost to buy the product by doing cost benefit analysis.

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Does democracy require equality of income or wealth? discuss why democracy might make a country more or less egalitarian?.

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No, democracy DOES NOT require equality of income or wealth.

What is Democracy?

This refers to the political system where power belongs to the people and the people elect their leaders.

Hence, we can see that in a country that practices democracy, there is little influence of this political system to make the society more or less egalitarian (equality) and this is because the people have to make their own choice, irrespective of income or wealth.

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An optimizing consumer will select a consumption bundle in which Group of answer choices income is maximized, and prices are minimized. utility is maximized, and prices are minimized. utility is maximized, subject to budget constraints.

Answers

An optimising consumer will select a consumption bundle in which Group of  utility is "maximized."

What is an Optimising consumer?

When consumers are able to obtain the highest indifference curve for their specific level of income within the budget constraint, optimisation takes place.

The experience of customer optimising depends on-

by respecting consumers' time, being friendly, offering resources that are knowledgeable, andresourceful

The process for optimising a product is-

Use stunning pictures to promote your products.Include many images.In the page's title tags and product descriptions, use keyword phrases that are pertinent to the item.Share endorsements and client feedback.A good image spacing will prevent an overly busy appearance.

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An investment will pay you $95,000 in 10 years. If the appropriate discount rate is 9 percent compounded daily, what is the present value

Answers

The present value of the investment future value is $38,628.40

What is present value?

Present value is the today's worth of a future amount when discounted or expressed in today's dollar equivalence.

The present value of a single future cash flow can be determined using the present value formula below:

PV=FV/(1+r/365)^(N*365)

PV=present value=unknown

FV=future value=$95,000

r=discount rate=9%

N=number of years before the future amount is received=10

365 is an indication of number of years in a year since discounted is compounded daily.

PV=$95,000/(1+9%/365)^(10*365)

PV=$38,628.40

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Fred's Fans purchased two identical fans for resale. Fan 1 was purchased in April for $76 and Fan 2 was purchased in May for $80. One of the fans was sold in June for $100 and Fred reported a gross margin of $24. Fred is using the ______ inventory method.

Answers

Answer:

sesemi vivy 67g bb

Explanation:

What types of securities would a mutual fund called Westgo Fixed Income Fund be likely to hold in its portfolio

Answers

The Westgo Fixed Income Fund is a mutual fund that holds an array of bonds and common stocks in its portfolio.

What is a mutual fund?

A kind of financial vehicle in which assets from shareholders are pooled to invest in different securities like bonds, stocks, and many more. It is maintained or held by individuals or small investors.

For a smart investment, a fund holder has a manager, who is named as an investment adviser. This adviser works for the mutual fund shareholder. It is the adviser's responsibility to monitor market trends and advise the investor or holder on where and how much to invest.

Therefore, Westgo Fixed Income Fund is a mutual fund that holds an array of bonds and common stocks in its portfolio.

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The diamond-water paradox arises because Multiple Choice the marginal utility of certain products increases, rather than diminishes. we sometimes fail to use money as a standard of value. essential goods may be cheap, while nonessential goods may be expensive. essential goods are always higher priced than nonessential goods.

Answers

The diamond-water paradox arises because essential goods may be cheap while nonessential goods may be expensive.

What do you mean by diamond-water paradox?The dilemma of value, also referred to as the diamond-water paradox, describes the significant disparity in cost between some important items and non-essential ones. In a market economy, the cost of many necessities for human life is significantly lower than the cost of less necessary necessities.

Why does the paradox of value between diamonds and water arise?Water is clearly more valuable as a scarce resource than the luxury of having a diamond. Customers are forced to decide whether to buy one more diamond or one more unit of water as demand rises. The concept of marginal utility describes this idea.

Why is marginal utility for diamond High?Diamonds, Due to the limited availability of diamonds, people are likely to operate near the vertical axis, somewhat high on the marginal utility curve. In other words, the amount consumed is not that large.

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Cost-volume-profit analysis helps managers predict how changes in and levels affect income. True or false?.

Answers

It's true that Cost-volume-profit analysis helps managers predict how changes in and levels affect income.

Cost-volume-profit analysis, also commonly referred to as break-even analysis, seeks to determine break-even points for different sales volumes and cost structures. This is useful for managers when making short-term business decisions.

CVP analysis makes some assumptions, such as constant selling prices and fixed and variable costs per unit. Performing CVP analysis involves using multiple equations for the price, cost, and other variables. These equations are plotted on the economic chart.

The CVP expression can also calculate the break-even point. The break-even point is the number of units you sell or the amount of revenue you need to generate to cover the manufacturing costs of your product.

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If an input necessary for production is in limited supply so that an expansion of the industry raises costs for all existing firms in the market, then the long-run market supply curve for a good could be a. perfectly elastic. b. upward sloping. c. perfectly inelastic. d. downward sloping.

Answers

The correct option is, (b) upward sloping.

If an input necessary for production is in limited supply so that an expansion of the industry raises costs for all existing firms in the market, then the long-run market supply curve for a good could be upward sloping.

Why is curve upward sloping?The AE curve shifts down as r increases, shifting the intersection of the AE curve and 45 degree line to the right with a greater semi-equilibrium level of Y. This results in an upward slope for the IS curve.

Is the IS curve upward or downward sloping?The downward slope of the IS curve results from the fact that when interest rates down, investment rises, increasing output. The LM curve depicts the equilibrium of the money market. Because increased income raises demand for money and raises interest rates, the LM curve has an upward slope.

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Near an ocean beach, a high-rise building is being constructed that will block the scenic view of the ocean by the residents of a low-rise building. The Coase theorem suggests that this type of dispute between the owners of high-rise and low-rise buildings: Group of answer choices Can only be resolved by a zoning ordinance restricting high-rise buildings Should be resolved by a government fine for the builder of the high-rise Can be resolved by the owners themselves through individual bargaining Has to be resolved by city government officials

Answers

The correct answer is can be resolved by the owners themselves through private bargaining.

According to the Coase Theorem, where there is a conflict between property rights, the parties involved can bargain or negotiate terms that fully reflect the actual costs and underlying values of the relevant property rights, leading to the most efficient conclusion.When negotiating is costly, Coase's theorem fails. A fair resolution cannot be reached if negotiation is not possible.

What are the conditions of Coase Theorem?

The two requirements for an effective market solution are full property rights and no (or minimal) transaction costs, according to the Coase theorem. By transferring property rights, one can occasionally approximate these conditions and establish a market for the externality.

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Graciela's used to be the industry leader in restaurant supplies, but over the years competition grew and the company's market share declined. Graciela's has launched several marketing campaigns and introduced new products and services. However not much else in the company has changed, and it still relies on the same team of managers. Graciela's is experiencing ______.

Answers

Graciela's in experiencing (D) organizational inertia.

What is organizational inertia?The ability of an organization to make internal adjustments in the face of large external changes is referred to as organizational inertia.What is a competitive advantage?A competitive advantage is an advantageous position that a company wants in order to be more profitable than its competitors.What is a flexible organizational structure?A flexible organization is one that can adapt and respond to changes in its external environment reasonably fast in order to obtain an advantage and maintain its competitive position. An appropriate organizational structure is critical to a company's "flexibility."Reason -

In the given situation, Graciela is making changes internally in the company according to the external changes.

Therefore, Graciela's in experiencing (D) organizational inertia.

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Complete question:

Graciela's used to be the industry leader in restaurant supplies, but over the years competition grew and the company's market share declined. Graciela's has launched several marketing campaigns and introduced new products and services. However not much else in the company has changed, and it still relies on the same team of managers. Graciela's is experiencing ______.

Multiple choice question.

(A) competitive advantage

(B) structure following strategy

(C) a flexible organizational structure

(D) organizational inertia

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Tomatoes are an input in the production of salsa. If the price of tomatoes rises sharply, this will cause: the admission ticket to tyler amussement park is $1.25 per person. A total of 815 tickets were sold on saturday. the attendance decreased by 96 on sunday. how much money did the park receive from ticket sales in all?the admission ticket to tyler amussement park is $1.25 per person. A total of 815 tickets were sold on saturday. the attendance decreased by 96 on sunday. how much money did the park receive from ticket sales in all?the admission ticket to tyler amussement park is $1.25 per person. A total of 815 tickets were sold on saturday. the attendance decreased by 96 on sunday. how much money did the park receive from ticket sales in all? For parallelogram RYFU, let N be the intersection point of the diagonals. Let RF = 7x-11 and NF = 2x+2. Find the measurement of EVERYTHING that you know, if possible. The value of n from the set {6, 7, 8, 9} that holds true for 4n 12 < 2n + 2 is What are the vertices of A'B'C if ABC is dilated by a scale factor of 2? Identify two resources from home, school, or your community that could help you address your questions about family planning.1. Name the two resources and explain why each was chosen. (2 points)2. Describe the specific type of advice or support each resource could offer regarding choosing and obtaining a method of contraception. (2 points) Discuss how lymph flows back to the circulatory system and structures threat help the flow of lymph from the upper trunk and lower extremities . A box with a mass of 2 kg only has four forces acting on it: One force of 16 N due East. One force of 24 N due South. One force of 16 N due West. One force of 18 N due North. What is the magnitude of the box's acceleration, in m/s2 By including a quate from response to eric of Sweden Sophie is Suppose that Aces can be either high or low; that is, that {A, 2, 3, 4, 5} is a straight, and so is {10, Jack, Queen, King, Ace}. Moreover, a hand that is an Ace-high beats a King-high, etc. The number of ways of getting a five card hand that is two pair from a standard deck of cards is (Q8) The probability of being dealt a five card hand that is two pair from a well shuffled standard deck of cards is Pls help solve part c PLEASE HELP!!! what function is graphed below? Compared to continental air masses with the same air temperature, maritime air masses: have lower water vapor content. have about the same water vapor content. have higher water vapor content. 1. There are two cyclists (Cyclist A: 225 lb. and Cyclist B: 145 lb.) riding the same course on the same style bike andall other variables are the same. Using the four external forces of resistance, explain which cyclist will come to astop first if they stopped pedaling. Be sure to include each of the four factor's contribution and how each impactedyour answer. (5 points) Identify the area of the figure A circular sheet of paper of radius 6 inches is cut into 3 equal sectors, and each sector is formed into a cone with no overlap. What is the height in inches of the cone please help. im strugglinggggRewrite this measurement with a simpler unit, if possible. Establishing a Mrs. Fields Cookies franchise inside a Hardees fast-food franchise is an example of ________ franchising I find this question kinda hard Question pictured below