C. the answer is c. hope it helps
Answer:
Yes the company must recognise the effects of this ruling.
Explanation:
As provided the law suit was initiated in the year 20x2, because of the activity happened in April 20x2.
Accordingly, company was already prepared for a liability of $100,000.
Whenever an event that occurs after the balance sheet is a mere confirmation to what was expected on balance sheet date, or is in alignment with things on record on the balance sheet date, it shall be provided in the balance sheet of that year.
In the given case the law suit was pending on the balance sheet date and was recorded as a liability then, now after the declaration by the judge, the additional liability of $20,000 shall be provided in the financial books of year 20x2.
1. A im not to sure for this one.... :/
2. A Signaling ; reputation
In terms of establishing an account receivable billing policy
and procedure includes the determining or knowing the number the days that has
been done between billings because this is essential to know if the policy is
upheld and proper procedures is being done.
Answer:
Explanation:
A. mean higher prices for customers but will lead to greater customer satisfaction
B. mean higher prices for customers and thus lower customer satisfaction
C. offer lower prices for customers but lead to lower customer satisfaction
D. offer lower prices for customers and lead to greater customer satisfaction