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
sveta [45]
3 years ago
8

You are auditing Rodgers and Company. You are aware of a potential loss due to noncompliance with environmental regulations. Man

agement has assessed that there is a​ 40% chance that a​ $10M payment could result from the​ non-compliance. The appropriate financial statement treatment is to
A. since there is less than a​ 50% chance of​ occurrence, ignore.
B. since there is greater that a remote chance of​ occurrence, accrue the​ $10 million.
C. accrue a​ $4 million liability.
D. disclose a liability and provide a range of outcomes.
Business
1 answer:
aniked [119]3 years ago
4 0

Answer:

D. disclose a liability and provide a range of outcomes.

Explanation:

As there are 40% chances to the outcome that liability will occur, it is not nominal to be ignored. And therefore, it shall be shown in the balance sheet, as a note, with different possibilities and their expected results.

As the amount attached is huge and that the company shall not ignore such a coming liability, as if it do not happen, it can be reversed, and if it does the company shall be ready to have the liability in case of any default.

You might be interested in
A. suppose there is a surge in consumer confidence that creates an increase in aggregate demand in the economy. the federal rese
Sliva [168]
The various amounts of money that individuals will hold at different nominal interest rates<span>The money demand curve shows
A. The various amounts of money that individuals will hold at different price levels. 
B. The various amounts of money that individuals will spend at different levels of GDP. 
C. The various amounts of money that individuals will hold at different nominal interest rates. 
D. The quantity of bonds that the Fed will buy at different price levels.</span>
3 0
3 years ago
melanie is currently enrolled in an hmo mapd, and she is talking to sales agent brenda about enrolling in a medicare supplement
lorasvet [3.4K]

If melanie is currently enrolled in an hmo mapd, and she is talking to sales agent brenda about enrolling in a medicare supplement insurance plan. what brenda should tell melanie is: The advantage or benefit that medicare supplement insurance plan has.

<h3>What is medicare plan?</h3>

Medicare plan can be a health insurance coverage that help to cover medical health expenses of those under the plan.

Hence, If melanie is enrolled in an hmo mapd which full meaning is Medicare Advantage Prescription Drug , and she is talking to sales agent brenda about enrolling in a medicare supplement insurance plan. what brenda should tell melanie is the advantage or benefit that Medicare supplement insurance plan offers.

Learn more about Medicare plan here:brainly.com/question/1960701

#SPJ1

5 0
2 years ago
The company has 7 million shares of common stock outstanding. The current share price is $68, and the book value per share is $8
Juli2301 [7.4K]
I’m not sure about this question. Try doing an image search of searching key terms
7 0
3 years ago
Costs of Acquiring Fixed Assets
Zepler [3.9K]

Answer:

The answer is given below:

Explanation:

a.

1.Yes

2.Yes

3.Yes

4.Yes

5.Yes

6. Yes

b.

7.No

8.Yes

9.Yes

10.No

11.No

12.No

As a rule of thumb,those costs which increase the value or useful life of asset should be capitalized where as those costs that are incurred to maintain the usage of asset are revenue expenditure and should be charged to income statement not the asset.

8 0
3 years ago
Read 2 more answers
Your team is consulting with a local manufacturing company that has 1,200 employees and is the third largest employer in the are
Vedmedyk [2.9K]

Answer:

how do you want me to answer this telll me how and i will answer it full as best to my ability

Explanation:

8 0
3 years ago
Other questions:
  • Which stage in the product life cycle is critical to a product's survival because competitive reactions to the product's success
    7·1 answer
  • Threadless allows customers to submit their own designs and to vote on which designs they would like to see printed on a T-shirt
    6·1 answer
  • John, 45 years old and unmarried, contributed $1,000 monthly in 2018 to the support of his parents' household. The parents lived
    9·1 answer
  • An online store promises to deliver any order costing over $60 within 24 hours. It uses this strategy to increase the volume of
    12·1 answer
  • As an exporter, Delios Trading wants to be paid before a consignment is shipped. Correspondingly, its importer in Japan, Abe Imp
    9·1 answer
  • Match the items with their respective descriptions.
    10·1 answer
  • Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional
    5·1 answer
  • acques manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday
    8·1 answer
  • Beerbo purchased a patent from Mitter Lite Co. for $1,000,000 on January 1, 2018. At that time, the patent's useful life was 10
    7·1 answer
  • Assume that if you advertise and your rival advertises, you each will earn $4 million in profits. If neither of you advertises,
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!