Business, 26.02.2020 02:52 imstupid77

Swifty Corporation is being sued for illness caused to local residents as a result of negligence on the company's part in permitting the local residents to be exposed to highly toxic chemicals from its plant. Swifty's lawyer states that it is probable that Swifty will lose the suit and be found liable for a judgment costing Swifty anywhere from $1830000 to $8960000. However, the lawyer states that the most probable cost is $5410000. As a result of the above facts, Swifty should accrue:

a. a loss contingency of $1,800,000 and disclose an additional contingency of up to $7,200,000.
b. a loss contingency of $5,400,000 and disclose an additional contingency of up to $3,600,000.
c. a loss contingency of $5,400,000 but not disclose any additional contingency.
d. no loss contingency but disclose a contingency of $1,800,000 to $9,000,000.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 17:00

Good guys i hope you will me about this question,, plase

Answers: 1

Answer

Business, 22.06.2019 11:30

Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million

Answers: 3

Answer

Business, 22.06.2019 15:10

Popeye produces 20 cans of spinach in 8 hours. wimpy produces 15 hamburgers in 10 hours. if each hamburger trades for 1.5 cans of spinach, then: a.wimpy’s production and productivity are greater than popeye’s. b.popeye’s production is greater than wimpy’s, but his productivity is less. c.wimpy’s production is greater than popeye’s, but his productivity is less. d.popeye’s production and productivity are greater than wimpy’s.

Answers: 3

Answer

Business, 22.06.2019 16:40

Job 456 was recently completed. the following data have been recorded on its job cost sheet: direct materials $ 2,418 direct labor-hours 74 labor-hours direct labor wage rate $ 13 per labor-hour machine-hours 137 machine-hours the corporation applies manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $14 per machine-hour. the total cost that would be recorded on the job cost sheet for job 456 would be: multiple choice $3,380 $5,298 $6,138 $2,622

Answers: 1

Answer

You know the right answer?

Swifty Corporation is being sued for illness caused to local residents as a result of negligence on...

Questions