Answer:
The answer is B. share value
Teaming bc when she worked together, they got much more work done.
Answer:
Normally, you are buying those shares from someone who already owns them. You are not buying them directly from the company itself, but instead someone who owns shares from the company, called a shareholder or stockholder.
Explanation:
I hope this helps! :)
Answer:
1. The loss contingency should be accrued
2.$5,000,000
3. $5,000,000
4. loss- product recall $5,000,000
liability- product recall $5,000,000
Explanation:
Sound Audio manufactures and sells audio equipment for automobiles. Engineers notified management in December 2021 of a circuit flaw in an amplifier that poses a potential fire hazard. An intense investigation indicated that a product recall is virtually certain, estimated to cost the company $5.0 million. The fiscal year ends on December 31.
from the question we can deduce that:
1. This is a loss contingency and should be accrued because of the liability. The if the event will occur and the estimate is certain
2) loss: $5,000,000
3) liability: $5,000,000
4) loss- product recall $5,000,000
liability- product recall $5,000,000
a disclosure note is needed
Answer:
$24,000 = Account receivable
$24,000 = Account payable
Explanation:
Since it is given that
The service is performed of $24,000 but not paid by the customer so the same is to be recorded in the account receivable of the asset account
And, the Dixon trucking had the need to pay to their suppliers for $24,000 that is to be recorded in the account payable of the liabilities account
Both the amount is recorded as an account receivable and the account payable respectively
