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stira [4]
2 years ago
10

For the following transaction, determine whether cash flows from operating activities will increase, decrease, or remain the sam

e:
(g) Disclosed a contingent liability based on a pending lawsuit.
Business
1 answer:
IRINA_888 [86]2 years ago
6 0

Disclosed a contingent liability based on a pending lawsuit the cash flows from operating activities will remain the same.

Disclosed a contingent liability based on a pending lawsuit the cash flows from operating activities will remain the same as contingent liability is recorded as footnotes to financial statements. They have no cash flow till the period the event occurs of which they are contingent.

Operational enterprise activities include inventory transactions, interest payments, tax payments, wages to personnel, and payments for rent. some other shapes of cash flow, which include investments, money owed, and dividends are not included in this phase.

A contingent liability is a liability that may or might not occur. This means the contingent legal responsibility will rely on destiny events. Long-time liabilities are predicted to pay through the years or the timeframe is extra than 12 months. However, short-term liabilities are predicted to pay within a year.

Learn more about cash flows here brainly.com/question/735261

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when reviewing their accounts, the yanos company discovered that in the previous year there had been improper treatment of tax l
natka813 [3]

The Yanos Company found that the prior year's tax liabilities had been handled incorrectly after reviewing their books. They'll now have to make accounting adjustments. An example of modifications brought on by an error is this.

A person who is able to adjust to changes in their physical, occupational, and social environment is said to be in a state of adjustment. Adjustment, then, is the behavioral process of balancing opposing demands or needs that are hampered by environmental challenges. Both people and animals regularly adapt to their surroundings. For instance, they eat to sate their hunger when it is triggered by their physiological state, which allows them to respond to the hunger stimuli. An failure to respond normally to a need or stress in the environment is a sign of adjustment disorder.

To have a life of high quality, adjustment must be successful. People who have trouble adjusting are more prone to experience clinical anxiety.

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7 0
1 year ago
Jake’s Battery Company has two service departments, Maintenance and Personnel. Maintenance Department costs of $160,000 are allo
Inga [223]

Answer:

D. $96,000

Explanation:

We will allocate the cost on maintenance by first stablishing a rate per maintenence hour:

As this is direct method we aren''t doing an allocation to other service department we directly allocate against production department A and B

total hours:  480 + 320 = 800

160,000 total cost /800 hours = 200 per hour

Department B hours: 480

allocate to department B: 480 x 200 = 96,000

5 0
4 years ago
The money multiplier: question 20 options:
Bingel [31]
The correct answer is c

<span>c.measures the maximum amount the money supply can increase when new deposits enter the banking system

</span>
<span>. The money multiplier is the amount of money that banks generate with each dollar of reserves. Reserves is the amount of deposits that the Federal Reserve requires banks to hold and not lend. Banking reserves is the ratio of reserves to the total amount of deposits</span>
5 0
3 years ago
The law of demand relates primarily to which of the following
Phoenix [80]
Need more info please
7 0
3 years ago
Read 2 more answers
Mr. and Mrs. Sloan incurred the following expenses during the current year, when they adopted a child: Child's medical expenses
nadezda [96]

Answer: See explanation below for answer. The options are:

A. $13,000

B. $ 5,000

C. $18,000

D. $14,000

Explanation:

A taxpayer can deduct the medical expenses that have been paid for a child at the time of adoption if the child should qualify as the dependent of the taxpayer when the medical expenses were paid.

In addition, should a taxpayer pay an adoption agency for the medical expenses that the adoption agency has already paid, then the taxpayer is treated as though he/she has already paid those expenses.

In the scenario given above, Mr. and Mrs. Sloan can deduct the child's medical expenses of $5,000 that they have paid.

But on the other hand, the legal expenses of $9,000 and agency fee of $4,000 that were incurred in during the adoption process will be treated as nondeductible personal expenses.

However, Mr. and Mrs. Sloan will be able to claim a nonrefundable tax credit amounting up to $13,570 for these qualified adoption expenses.

7 0
4 years ago
Read 2 more answers
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