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valentinak56 [21]
2 years ago
5

December 2017, Becker Corp. learned of a favorable judgement of 1.5 million relating to litigation involving a competitor. The c

ompany's attorney informs Becker that the opposing litigant has filed an appeal and that the company may ultimately receive about $400,000. How should they recognize this gain contingency on financial statements?
Business
1 answer:
spayn [35]2 years ago
7 0

Answer: Disclose the gain contingency in the notes only

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This year Maria works 1,200 hours as a computer consultant, 320 hours in a real estate development business, and 400 hours in re
Gnesinka [82]

Answer:

$ 25000 can be deducted under the exception for real estate

Explanation:

of the $26,000 real estate passive activity loss generated, $ 25000 can be deducted under the exception for real estate. The limit is of special allowance of  $25000.

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An association had a fund balance of 75 on January 1 and 60 on December 31. At the end of every month during the year, the assoc
ValentinkaMS [17]

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Explanation: The dollar-weighted return (DWR) measures the rate of return of an investment or a portfolio, taking under consideration the timing of flows. for every deposit, add the resulting amount to the start balance, and for every withdrawal, subtract that quantity. Check the attachment for the solution.

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3 years ago
The Federal Reserve would most likely adopt a contractionary monetary
sergey [27]

Answer:

A. The country has a high inflation rate and rapid economic growth.

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Contractionary monetary policies are also used to tame a high inflation rate. Inflation is the general increase in prices in the economy. It may arise due to a high economic growth rate. Because contractionary policies decrease the supply of money in the economy, less liquidity reduces the aggregate demand, thereby curbing increasing prices.

3 0
3 years ago
Read 2 more answers
What is one example of a planned economy?
Daniel [21]

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socialist economy

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A planned economy is a system where the government or the central authority makes all major economic decisions. The government decides on the type and quantities of goods to produce and for whom to produce. In the planned economy, factors of production belong to the government. Manufacture of goods and services is motivated by service to the community, not profits.

A socialist economy is a good example of a planned economy. Just like in a planned economy, a socialist economy is characterized by heavy government involvement. The state controls the factors of production. Public service is the reason for economic production, while consumers do not have the liberty to choose products.

6 0
3 years ago
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The one that you could do to adress this is to Establish a system that provides each sales team member with specific, challenging sales goals and performance<span> feedback from their store manager.
By doing this, not only we put a focus for each team members on the expectation toward them, we also could use the data collected by each determines to determine if there is someone that needed to be let go.</span>
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