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Andru [333]
3 years ago
12

Taylor Company's attorney informs its client that it is possible, but not probable, that the company will lose a currently litig

ated lawsuit. No reliable estimate of the potential loss is currently available. How should Taylor accrue and/or disclose this potential loss?
Business
1 answer:
mixas84 [53]3 years ago
6 0

Answer:

Disclose the contingency and state that an estimate cannot be made.

Explanation:

Taylor Company's attorney informs its client that it is possible, but not probable, that the company will lose a currently litigated lawsuit. No reliable estimate of the potential loss is currently available. Taylor should accrue and/or disclose this potential loss BY DISCLOSING THE CONTINGENCY AND STATE THAT AN ESTIMATE CANNOT BE MADE.

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One helpful feature of most Web 2.0 organization software is that
adelina 88 [10]

Answer:

d. It can usually be synced to a handheld device

Explanation:

One helpful feature of most Web 2.0 organization software is that it can usually be synced to a handheld device.

5 0
3 years ago
Read 2 more answers
Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 1,300 units ar
telo118 [61]

Answer:

Total expending 21,320

Explanation:

Assuming the administrative expense are also paid on cash during the period

1,300 units x $4.20 = 5,460 Variable expending

19,240 fixed cost - 3,380 depreciation (non-monetary) = 15,860 Fixed expending

Total expending 5,460 + 15,860 = 21,320

<u>Remember:</u>

Depreciation and amortization are non-monetary term, they don't involve a cash disbursement.

3 0
4 years ago
The U.S. Lacey Act prohibits U.S. businesses from importing products from other countries when those products are illegal in tha
dolphi86 [110]

Answer:

The correct answer is "Required to allow entry or can demand a search warrant and then must allow entry".

Explanation:

I had to look for the problem to know what is being asked and what the options are.

"The U.S. Fish & Wildlife Service arrived at Gibson Guitar headquarters and requested access to all of its records.

​Under federal law, Gibson is:"

Gibson can rely on federal law and apply for a search warrant from U.S. Fish and Wildlife Service officials so they can legally enter and inspect their facilities and records. The other option you have is to allow the officers to enter and hand over all permits and records in your domain.

Have a nice day!

3 0
3 years ago
Chuck has AGI of $71,600 and has made the following payments
kodGreya [7K]

Answer: $4,690

Explanation:

From the above, Chuck can include the following with his itemized deductions,

County Real Estate Tax,

School District Tax on Realty,

State Income Tax estimated Payments and

State income tax withholding.

Calculating the above,

= 950 + 670 + 1,010 + 2,060

= $4,690

the amount of taxes that Chuck can include with his itemized deductions is $4,690.

7 0
3 years ago
When a company uses data from questionnaires and surveys to determine customer preferences, it is utilizing the _____ marketing
kondaur [170]
Marketing information management
5 0
3 years ago
Read 2 more answers
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