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Zolol [24]
2 years ago
5

All liabilities involve a probable ____ sacrifice of economic benefits and arise as a result of _____ transactions or events.

Business
1 answer:
stira [4]2 years ago
8 0

All liabilities involve a probable future sacrifice of economic benefits and arise as a result of past transactions or events.

A liability is a debt that a person or business has, typically in the form of money. Through the transmission of economic benefits like money, products, or services, liabilities are eventually satisfied. Assets and liabilities can be compared. Assets are items you own or owe money to; liabilities are things you owe money to or have borrowed. A liability is an unfulfilled or unpaid obligation owed by one party to another. A financial liability is an obligation in the world of accounting, but it is more specifically characterized by previous business transactions, events, sales, exchanges of goods or services, or anything else that will generate income in the future.

More about liabilities brainly.com/question/14921529

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When managers make the most appropriate decision in light of what they believe to be the most desirable consequences for the com
ikadub [295]

Answer:

optimum

Explanation:

An optimum decision as defined in the question can be defined as the most appropriate decision taken by a manager in the light of what they to be the most desirable consequences for the company.

This simply means that when an event or occurrence takes place in a company, the managers have the responsibility to take the best decisions for the company. The best decision is therefore called the optimum decision; that is the highest level of  decision that solves the problem with the smallest of consequences.

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4 0
3 years ago
A corporation must register as a _____ in every state in which it operates other than its state of incorporation
dusya [7]
<span>A corporation must register as a </span><span><span>foreign corporation </span>in every state in which it operates other than its state of incorporation </span>


6 0
3 years ago
Arturo, a calendar year taxpayer, paid $20,300 in medical expenses and sustained a $24,360 casualty loss in 2020 (the loss occur
vodomira [7]

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3 0
2 years ago
When a labor union and an employer cannot agree on the terms of a contract what often happens?
vesna_86 [32]
A would be a good answer. 
5 0
3 years ago
Assuming the company uses US GAAP standards, what is the total cash flow from financing activities?
saveliy_v [14]

Answer:

$30

Explanation:

The cash flows from financing activities will include:

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The $45 resulting from the debt retired through issuance of common stock was not a financial operation, therefore it is not included in the cash flow form financial activities.

6 0
3 years ago
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