1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
In the past, how have you handled receiving conflicting instructions from different people at the same time?
Anvisha [2.4K]
By asking questions and demonstration. In this way, you would be able to understand the instructions fully. With the help of demonstration, it will help you understand on what to do while by asking questions, it allows you to understand the whole procedure and its importance.
3 0
3 years ago
If revenue is $2000 and operating expenses are $6000, cash flow equals _____.
maksim [4K]

Answer:

-4000 hope this helps :)

7 0
3 years ago
Around the world oil is priced consistently in United States dollars. In economic terms this is an example of:
Zina [86]

Answer: unit of account

Explanation:

The unit of account is function of money which refers to the standard monetary unit of measurement of a good or service.

Since oil is priced consistently in United States dollars around the world, this means that dollars is the standard monetary unit of measurement and is therefore, the unit of account.

8 0
3 years ago
You are the general contractor for a high-end, private residence construction job. You manage toams of subcontractors who work o
Alex17521 [72]
:3 hello project this is every confusion I do know
4 0
3 years ago
a mortgagge loan in which the interest rate charged fluctuates with the level of current interest rates is called
solmaris [256]

Variable interest rate mortgage loans have an interest rate that varies depending on the level of current interest rates.

An interest rate on a loan or security that fluctuates over time because it is based on an underlying benchmark interest rate or index that is interest rates subject to Variable interest rate regular changes is known as a variable interest rate (also known as an "adjustable" or "floating" rate).

A variable interest rate has the obvious advantage that if the underlying rate or index decreases, so do the borrower's interest payments. On the interest rates other hand, if the underlying index increases, interest payments rise. Fixed interest rates are stable, as opposed to variable interest rates.

Variable interest rate mortgage loans have an interest rate that varies depending on the level of current interest rates.

Learn more about Variable interest rate here

brainly.com/question/2496648

#SPJ4

8 0
2 years ago
Other questions:
  • During the 1920s, the Federal Reserve increased the money supply and kept interest rates very low, encouraging consumer spending
    14·1 answer
  • Susan quit her job as a teacher, which paid her $36,000 per year in order to start her own catering business. She spent $12,000
    14·1 answer
  • Suppose the mean gpa of all students graduating from a particular university in 1975 was 2.30. the registrar plans to look at re
    9·1 answer
  • Which country is both the top export market and the top supplier for the united states?
    13·1 answer
  • A Seattle-based software firm, Sysco, was growing rapidly and hiring frequently, but it primarily focused on campus recruiting a
    12·1 answer
  • How does a bond issuer decide on the appropriate coupon rate to set on its bonds?
    12·1 answer
  • CORRECT PENN FOSTER ANSWER ONLY PLEASE
    11·1 answer
  • What reasons might people have to go into debt? Give two examples. <br> HRGGGGGHH
    8·2 answers
  • Someone give snap please so we can get to know each other
    11·1 answer
  • A 401(k) plan and the nonprofit equivalent, called a 403(b) plan, are______ reduction plans that reduce your salary by the amoun
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!