Answer:
Debit legal expense/penalties (p/l) $900,000
Credit Provisions (B/s) $900,000
Explanation:
According to IAS 37 Provisions, contingent liabilities and contingent assets, a provision is to be recorded where there is a present obligation as a result of a past event and the outflow of economic benefits to satisfy the obligation is probable.
Hence if it is probable that Scorcese will be liable for $900,000 as a result of this suit, a provision is needed and will be recorded by;
Debit legal expense/penalties (p/l) $900,000
Credit Provisions (B/s) $900,000
Answer:
The correct answers are letters "A" and "B": Your project is unimportant; I am unprofessional.
Explanation:
In business writing, it is very important to be <em>concise, clear, </em>and <em>professional</em>. Mason is showing none of that by sending a report using an old template without dedicating some minutes to review the content before sending the message. Mason's <em>unprofessional </em>behavior is reflected in not even changing the title of the report which is one of the most visible areas of the file. Under those circumstances, <em>the client may just believe making his report is not important for Mason</em>.
Answer:
Letter A
Explanation:
The main objective of the WTO is to promote the liberalization of world trade, reducing or extinguishing trade and customs barriers to facilitate economic exchanges at the international level. The agreements involve trade in goods, services, and intellectual property.
It is also important to know that currently, the World Trade Organization has 156 member countries.
True statements:
Economic stability means fair distribution of goods in an economy
Full employment is a macroeconomic goal
Inflation is a rise in the prices of goods & services.
Hope this helps :)
