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sdas [7]
3 years ago
8

Red Co. can estimate the amount of loss that will occur if a foreign government expropriates some of the company's assets in tha

t country. If expropriation is probable, a loss contingency should be:a. Disclosed but not accued as a liability
b. Disclosed and accued as a liability
c. Accued as a liability but not disclosed
d. Neither accrued as liability nor disclosed
Business
1 answer:
Anon25 [30]3 years ago
8 0

Answer:

b. Disclosed and accued as a liability

Explanation:

Expropriation occurs when the government or an authority takes property from its owner to use it publicly.

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On january 3, 2013, persoff corporation acquired all of the outstanding voting stock of sea cliff, inc. In exchange for $6,000,0
konstantin123 [22]

Answer:

It is a wholly owned subsidiary so the Income Statement will include the figures of both the companies in the consolidated Income Statement. However the equity side of Balance Sheet will include share capital of only the parent company and include retained earnings of both the companies, assets will added up of the two companies and reported in the Balance Sheet however goodwill of the subsidiary will also be reported and liabilities will also be added up and reported in a same manner.

Explanation:

Because the data is not completely provided a general idea is provided here:

It is a wholly owned subsidiary so the Income Statement will include the figures of both the companies in the consolidated Income Statement. However the equity side of Balance Sheet will include share capital of only the parent company and include retained earnings of both the companies, assets will added up of the two companies and reported in the Balance Sheet however goodwill of the subsidiary will also be reported and liabilities will also be added up and reported in a same manner.

3 0
3 years ago
g Curtis invests $425,000 in a city of Athens bond that pays 6.25 percent interest. Alternatively, Curtis could have invested th
Advocard [28]

Answer:

The explicit tax would Curtis incur on interest earned on the Initech, Inc. bond is $7,395

Explanation:

The computation of the explicit tax is shown below:

= (Invested amount × interest rate with similar risk) × marginal tax rate

= ($425,000 × 7.25%) × 24%

= $30,812.50 × 24%

= $7,395

We consider the invested amount, similar risk interest rate, and the marginal tax rate. The paying interest rate would not be considered. Hence, ignore it

5 0
3 years ago
As technology grows, so does its uses. Companies are finding ways to let their employees manage various parts of their job witho
iVinArrow [24]

Web-based self-service applications are types of applications that allow employees to access certain tasks of a company online, without having to interact with a representative of this company. Most of these websites offer support and immediate access to information.

This saves time and money, because the representative who would normally have to facilitate this work is no longer necessary. Moreover, because this is found online, it is likely that these applications can be accessed 24/7, which means that they also save time.

However, there are some disadvantages for employees too. For example, employees usually need to provide a lot of personal information in order to gain access to such application. Moreover, if they are confused about a particular aspect of it, it can be difficult to get personal help or support.

4 0
3 years ago
Which explains how revenue is determined?
Shtirlitz [24]
The total amount of money that is brought in by sales
7 0
3 years ago
Read 2 more answers
What is a Capital Gain on an investment?
alex41 [277]

Answer:

B and C are the same, and none of the answers are correct

Explanation:

Capital gain is the amount of money you earn after selling a property or investment. It's essentially (the price you sold it for) -- (the price you paid for it)

eg if you bought stock for $100 and sold it for $200, you'd have a capital gain of $100 (200-100)

5 0
3 years ago
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