Answer: Option B and C
Explanation: In simple words , contingent liabilities refers to the liabilities the occurrence of which depends on the happening of an event that may or may not occur in the future.
These are recorded in the accounts only when the payment is to be made in future and that payment could be reasonably estimated.
Hence the correct option is B and C
Answer:
$2.5 per share
Explanation:
Earning Per share is the amount of earning for the period that allocated to each share. Normally it is calculated using common shares. The earning used in this calculation is purely the earning that is associated with the shareholders of the company. We can have this earning after deducting all the expenses and preferred dividend as well.
Formula:
Earnings per share = Net Income / Numbers of common Shares
Earnings per share = $450,000 / 180,000
Earnings per share = $2.5 per share
Answer:
II. A person is unemployed when they do not have a job, are able to work, and are actively looking for a job.
Explanation:
A person without a job must be actively looking for work to be counted as unemployed and willing/able to work. If not, then the person without a job is counted as being out of the labor force.
Answer:
A. supply curve shifts to the left
Explanation:
An increase in the prices of inputs from $4 to $6 shows economic problems that include a reduction in capital stock, labor, and an increased unemployment rate. This can also give room for inflation.
This increase shows that due to shortage in labor supply, it now costs more to produce a product.
Due to all the above mentioned reasons, the supply curve of both long run and short run supply curves shifts left.
Cheers.
The following are deducted from a typical paystub : City income tax, State income tax, Medicare, Social security and Federal income tax.
