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Brut [27]
3 years ago
12

In May of 2021, Raymond Financial Services became involved in a penalty dispute with the EPA. At December 31, 2021, the environm

ental attorney for Raymond indicated that an unfavorable outcome to the dispute was probable. The additional penalties were estimated to be $777,000 but could be as high as $1,184,000. After the year-end, but before the 2021 financial statements were issued, Raymond accepted an EPA settlement offer of $914,000. Raymond should have reported an accrued liability on its December 31, 2021, balance sheet of: Multiple Choice $270,000. $914,000. $777,000. $1,184,000.
Business
1 answer:
Naily [24]3 years ago
5 0

Answer:

$914,000

Explanation:

Based on the information given we were told that Raymond accepted an EPA which is fully known as Environmental Protection Agency settlement offer of the amount of $914,000 which means that the amount that Raymond should have reported as the ACCRUED LIABILITY on its December 31, 2021, balance sheet should have been EPA settlement offer of the amount of $914,000.

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In one of the training sessions in your company, you notice several members are not from the United States. These members are al
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Answer:

Go-round

Explanation:

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One technique to encourage these members to express their opinion is by employing the go - round discussion method. This can give them the courage to voice their opinion when it is their turn to speak

5 0
3 years ago
Which of the following helped fuel economic growth by encouraging people to buy american goods? monopolies patents protectives t
Nataliya [291]
Tariffs. monopolies allow companys to set the price at whatever they want and they are illegal in the U.S exept in certain cases, patents cause one person or group to have compleate rights over their invention and keeping anyone from using it without having to pay them money. i have no idea what it means by protectives but finally tariffs are a tax on foreign good making it cheaper to by goods from in this case america
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Justify the effectiveness of the national credit act ,2005 on businesses
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5 0
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For each of the following independent cases, use FIFO costing to determine the information requested. Required: a. In the beginn
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Answer:

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3 0
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The answer and procedures of the exercise are attached in the image below.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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