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Vedmedyk [2.9K]
3 years ago
6

A company should accrue a loss contingency only if the likelihood that a liability has been incurred is:At least reasonably poss

ible and the amount of the loss can be reasonably estimated.Probable and the amount of the loss can be reasonably estimated.More likely than not and the amount of the loss is known.At least reasonably possible and the amount of the loss is known.
Business
1 answer:
Fittoniya [83]3 years ago
3 0

Answer:

The answer is: Probable and the amount of the loss can be reasonably estimated.

Explanation:

Losses should be recorded as soon as possible (conservatism principle) as long as they are probable and can be reasonably estimated. A loss doesn't have to occur to be recorded, that is why they are recorded as contingency losses. If the company finds it probable that a loss will happen but can't estimate it, then it can't record it as a contingency loss.  

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Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in.
ohaa [14]

Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in the cash flows from investing activities section.

What is depreciation?

Depreciation is an accounting technique that distributes an asset's cost throughout its anticipated useful life. Depreciation is a recurring expense that businesses report on their income statement. Assets degrade with time, losing value.

Which activities are reported on the statement of cash flows?

Transactions must be divided into the three categories of operating, investing, and financing activities that are shown on the statement of cash flows.

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8 0
2 years ago
Suppose that you work for an advertising agency and are brought into a meeting where everyone is asked to come up with names for
Simora [160]

Answer:

E) brainstorming

Explanation:

Based on the information provided within the question it can be said that you are engaged in brainstorming. This refers to a group creativity technique in which people within the group provide whatever ideas come to mind that may provide a solution to the problem that is being discussed. The best idea is then chosen by the group and implemented. Which is what the advertising agency in this scenario is doing in order to come up with a name for their new Beach Resort.

5 0
3 years ago
The share price falls when a dividend is paid because the reduction in cash decreases the?
sesenic [268]

The share price falls when a dividend is paid because the reduction in cash decreases the market value of assets.

After a stock price goes ex-dividend, the share price in the market typically decreases by the amount of the dividend paid in order to reflect the fact that new shareholders there are not entitled to that payment.

In the market, when the dividends are paid out as stock instead of cash, then this can dilute earnings, which can also have a negative impact on share prices in the short term.

Hence, there is still no direct connection between a company's dividend and its stock price.

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5 0
2 years ago
Knowledge Check 01 On January 1, Year 1, Abbott Company granted 92,000 stock options to certain executives. The options are exer
Westkost [7]

Answer:

$153,333

Explanation:

Calculation to determine What amount should Olympic recognize as compensation expense for 2016

Using this formula

Compensation expense =Total compensation/Vesting period

Let plug in the formula

Compensation expense=($5 x 92,000)/3 years

Compensation expense=$460,000/3 years

Compensation expense=$153,333

Therefore What amount should Olympic recognize as compensation expense for 2016 is $153,333

5 0
2 years ago
What could be two reasons why the data might not support the hypothesis?
Degger [83]
Below are the <span> two reasons why the data might not support the hypothesis:
</span><span>
1) The hypothesis was wrong 
2) The data is wrong

A hypothesis is a proposed thought that may clarify a perception or marvels. It is confirmed by testing it. In the event that the information bolsters the theory, at that point, we view the speculation as checked and genuine. Assuming, be that as it may, the information does not bolster the speculation or discredits it, at that point the theory is in a bad position, and we need to concoct an alternate speculation to clarify the perceptions.
</span>
7 0
3 years ago
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