Answer:
as a footnote in financial statements or on the balance sheet
Explanation:
A loss contingency can be defined as the situation or occurrence in which there is uncertainty about an entity but that will be resolved when a/some future situation occurs or not.
Simply put, a loss contingency can be said to be loss of an entity that can be resolved later in future by the occurrence or not of an event.
When a loss can be reasonably estimated as seen from the question, it should be written as a footnote on a financial statement or on a balance sheet.
cheers.
Answer:
The correct answer is letter "B": The "Special Statement for Uncovered Options Writers" must be provided before executing the transaction.
Explanation:
A naked call is a type of strategy options traders use when writing a call option without owning the underlying assets. For this to be possible, the trader must sign an options agreement and the Registered Options Principal (ROP) must approve the account so the trader can write naked options.
Before proceeding the "<em>Special Statement for Uncovered Options Writers</em>" must be provided.
Answer:
$19,870.39
Explanation:
To find the amount that you will have to deposit today, you have to use the formula to calculate the present value:
PV=FV/(1+i)^n, where
PV= Present value
FV= Future value=$25,000
i= interest rate=4.7%
n= number of periods of time= 5 years
PV=25,000/(1+0.047)^n
PV=25,000/(1.047)^5
PV=19,870.39
According to this, the answer is that you will have to deposit today $19,870.39.