Answer:
is made if it is more likely than not that the liability has been incurred.
Explanation:
When contingent liability is recorded it is recorded by debiting income statement and creating a liability in balance sheet, also it is not accounted for until the amount of liability is pretty certain as without being clear about its occurrence and the amount involved the liability cannot be recorded.
There is no such loss account, there exists only income statement.
Therefore, with the above we can conclude that contingent liability is recorded only if:
is made if it is more likely than not that the liability has been incurred.
The answer is Major Medical Expense Insurance. This is a health insurance policy that finances medical
expenditures sustained in wounds, disastrous occurrences or lengthy sickness, giving benefit
disbursements beyond the base sum funded by the insurance company.
This insurance encompasses more than doctor appointments
and surgical measures. Most plans cover approximately or entirely
your medicine drug charges plus services linked to health care.
Answer:
10%
25.14 years
Explanation:
A financial calculator can be used to solve these problems
PMT = $-1,100
PV = $5,355.26
FV = 0
N = 7
Compute I = 10%
PMT = $-25,000
FV = $1,387,311
I = 6%
PV = 0
Compute N = 25.14 years
Answer:
Explanation:
I think it's A.
You should always question the source. You might be lucky and discover what they've not said about their product. Or you may discover it is simply not true.
A few years back (many in fact), there was a product on the market call Laetrile. It was produced from peach pits. It has an overwhelming popularity that Sloan Kettering (the Cancer Clinic in New York -- the oldest and largest one in the world), spent some of their needed grant money to test Laetrile. The results -- nothing. Imagine what happened to those who marketed this product. Word got around. People with Cancer are pretty desperate. They and their loved ones will try anything.
But the facts on the internet help to dispel this kind of thing.
Cheap labor force...American businesses can save a substantial amount if they outsource.
