Answer:
C
Explanation:
$25 dollars because this is the highest valued alternative forfeited
The right answer is none of the above, its Bonds payable.
Answer:
The entry is not required because the outcome is reasonably possible, not certain or probable. So IAS 37 says that the liability must not be recognized as the outcome is not reasonably certain or probable.
Explanation:
The liability must be included in the financial statement only if the outcome is certain or probable. In this scenario, the outcome is reasonably possible but neither certain nor probable in this situation. So the entry in the financial statement is not required. If the liability is of a huge amount then IAS 37 says that their must be a disclosure in the financial statement notes about the lawsuit.
Answer:
B. National Operations Center
Explanation:
The National Operations Center serves as the principal operations center for the Department of Homeland Security which
provide decision support and enable the Secretary’s execution of obligations across the homeland security enterprise by promoting situational awareness and share information.