Answer:
a) Disclose in the notes
b) no Disclosure
c) Record a liability
Explanation:
There are three scenarios to be considered
1) It is reasonably possible that Huprey will lose a pending lawsuit. The loss cannot be estimable
First, premise is that Huprey Co. is facing a lawsuit and the possibility of a loss is most possible. If Huprey Co is able to recognize the amount of loss, then he would have been able to record a liability but the inability to estimate the loss means, the company can o<u>nly make appropriate disclosure in notes</u>
2)Huprey is being used for damages of $2 million. It is very unlikely (remote) that Huprey will lose the case.
This second premise is also a lawsuit on damages for $2 million, however, it is most reasonably acceptable that Huprey will win the lawsuit. As such there is no loss, that way there will be no disclosure in Huprey Co's books.
3. Huprey can reasonably estimate that a pending lawsuit will result in damages of $1.25 million, it is probable that Huprey will lose the case.
The probability of losing a case means that there will be a loss to be recorded in the books and since the damages are already estimable to be $1.25 million. Huprey Co should record a liability
Answer:
A. $840,000
B. Discount
C. Annual interest expense on these bonds will be more than the amount of interest paid each year.
Explanation:
Data
Bonds issued = $21,000,000
Coupin rate = 4.0%
Market Interest rate = 4.46%
Requirement A: Annual interest amount
Interest amount = Bonds issued x coupon rate
Interest amount = $21,000,000 x 4.0%
Interest amount = $840,000
Requirement B: Whether it is Premium or Discount?
Bonds that Atom Endeavour Co. issued are discount as you can clearly see in the data that the market rate is higher than the coupon rate. Investors who will buy these bonds surely expect a capital gain.
Requirement C:
The discount on the issue of bonds is amortized to interest expense over the life of the bond, therefore the interest expense on these bonds will be more than the amount of interest paid each year,
"Consumer demand for a certain car is greater than the number of cars that can be produced" is the one among the following that <span>accurately describes a shortage. The correct option among all the options that are given in the question is the first option or option "a". I hope the answer helps you.</span>
The answer is false. A company's supply chain describes how crude materials are changed into completed items and dispatched to retailers and clients. Inventory network wasteful aspects can squander as much as 25 percent of an organization's working expenses
An appraised price is an evaluation of a property's fee-based totally on a given factor in time.
An appraised cost is an evaluation of a property's value based totally on a given factor in time. The evaluation is accomplished by means of a professional appraiser for the duration of the mortgage origination technique. The appraiser is normally selected by way of the lender but the appraisal is paid for by way of the borrower.
Actual property professional opinion is typically towards the idea of paying extra than a property's appraised price. Even if you make up the difference on below-appraised assets, you may have assets well worth much less than what you paid.
If buyers are few and far among whilst you list your house, there may be a hazard the marketplace cost may be lower than the appraised price. then again, in case you're seeing a ton of interest in your own home from a couple of consumers, you could discover that the marketplace value is better than the appraisal value.
Learn more about appraised value here: brainly.com/question/26080329
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