Answer:
As a disclosure only. No liability is reported
Explanation:
According to the International Accounting Standard IAS 37 Provisions, Contingent Liabilities and Contingent Assets, contingent liability can only be recorded if the likelihood of recording of the loss is reasonably probable and in this case the chances of occurence of the liability is reasonably possible which must not be recorded. The only effect would be disclosing the litigation matter and not including the liability amount that will arise if it goes wrong.
Answer:$2
Explanation:
A company normally is expected to value it's inventory at the lower of cost or net realisable value. The cost price is the price on purchase of the inventory while the net realisable value is selling price less cost of sales and cost to completion.
The amount of the lower cost of market adjustment the company must make, is the difference between the new selling price of $15 and net realisable value of $13 which is $2.
Answer:
Tell them what you stand for and what you have done. Tell them what you want to do.
Explanation:
Answer:
Situation analysis
Explanation:
situation analysis is an analysis done before the start of a business and it is a part of a business plan. it includes an analysis of the firm's abilities, its potential customers, potential competitors and economy
Market analysis is the analysis of the market of a good. Market analysis includes :
- analysis of the customers and their purchasing patterns
- analysis of competitors
- an analysis of the economy
A SWOT analysis is an analysis of a firms strengths, weaknesses, and opportunities
Answer:
Sorry but I don't know what to make of this.
Explanation:
