subject
Business, 19.07.2021 22:30 ANONYMUSNESS8670

A company is facing a class-action lawsuit in the upcoming year. It is possible, but not probable, that the company will have to pay a settlement of approximately $2,000,000. How would this fact be reported in the financial statements to be issued at the end of the current month

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 07:30
Net income and owner's equity for four businesses four different proprietorships, jupiter, mars, saturn, and venus, show the same balance sheet data at the beginning and end of a year. these data, exclusive of the amount of owner's equity, are summarized as follows: total assets total liabilities beginning of the year $550,000 $215,000 end of the year 844,000 320,000 on the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (hint: first determine the amount of increase or decrease in owner's equity during the year.) jupiter: the owner had made no additional investments in the business and had made no withdrawals from the business. mars: the owner had made no additional investments in the business but had withdrawn $36,000. saturn: the owner had made an additional investment of $60,000 but had made no withdrawals. venus: the owner had made an additional investment of $60,000 and had withdrawn $36,000. jupiter net income $ mars net income $ saturn net income $ venus net income $
Answers: 3
question
Business, 23.06.2019 01:30
Akika corporation started as a small firm and has grown substantially in the past decade. its interests span from electronics to real estate and aviation. akika's board of directors have now decided to create independent business units for and categorize the actions performed under each domain. each business unit will have distinct roles and responsibilities. which of the 14 principles of fayol does this exemplify?
Answers: 3
question
Business, 23.06.2019 23:30
Which organization is a provision of the 1990 farm bill which landowners protect environmentally important forestlands from development?
Answers: 3
question
Business, 24.06.2019 00:00
What is the interest rate charged per period multiplied by the number of periods per year called? effective annual annual percentage periodic interest compound interest daily interest?
Answers: 1
You know the right answer?
A company is facing a class-action lawsuit in the upcoming year. It is possible, but not probable, t...
Questions
question
Mathematics, 18.03.2021 01:10
Questions on the website: 13722362