Answer:
The answer is: Probable and the amount of the loss can be reasonably estimated.
Explanation:
Losses should be recorded as soon as possible (conservatism principle) as long as they are probable and can be reasonably estimated. A loss doesn't have to occur to be recorded, that is why they are recorded as contingency losses. If the company finds it probable that a loss will happen but can't estimate it, then it can't record it as a contingency loss.
Answer:
Check the explanation
Explanation:
Particulars Amount in $
A. Gross Estate 8600000
Less: deductions (funeral & administrative tax) 70000
B. Taxable estate 8530000
c. Gift-Adjustable Taxable estate value:
Taxable estate 8530000
Charities will be deucted from tax calculation 1000000
gift-adjusted taxable estate value 7530000
D. estate would be subject to tax 7530000
E. estate tax liability Calculated below 876000
For estate more than 53400000 tax will be charged at 40%
So, same is 40% of excess on 53400000
Taxable estate before threshold after deducting 53400000 from estate that would be subject to Tax 2190000
Tax at 40% of excess value 876000
If it’s multiplication it’s 1 bc 2 times 1 is 1
Answer:
Neither changed
Explanation:
Based on the information given, if you decide to take the amount of $100 out of your piggy bank and deposit the amount in your checking account this means that neither M1 nor M2 changed, what only changed was the form of M1, therefore based on these you will have less availability of money or cash but have a larger checking account which allows you to make withdrawals and as well as deposits.
