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AVprozaik [17]
3 years ago
10

Which one of the following conditions is not a requirement for an item to be recorded as a liability on a company's balance shee

t?
a) It involves a probable future sacrifice of economic resources by the company.
b) It reduces the market value of the company.
c) It involves a probable future sacrifice to another entity.
d) It a present obligation, arising from a past transaction or event.
Business
1 answer:
Allushta [10]3 years ago
7 0

Answer:

c) It involves a probable future sacrifice to another entity.

Explanation:

A Liability is defined by the <em>Conceptual Framework</em> as Present Obligation of the entity as a result of past event, the settlement of which will result in the outflow of future economic benefits from the entity.

Additionally liabilities are meant to reduce the market value of the company.

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Answer: a good with an elastic supply

Explanation:

Price elasticity of supply simply refers to how the changes in market price of a good bring about a responsiveness to the supply of such good.

Based on the information given, the best description of the grass seed that is described in this scenario is that it's a good that has an elastic supply. This is because the price of the good in thus case, is sensitive to the changes in the price.

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3 years ago
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Why an investor might choose to have less than 20% holding in a company if they could have more?
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3 years ago
In preparing its bank reconciliation for the month of April 2018, Coronado, Inc. has available the following information. Balanc
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Answer:

the adjusted cash balance as on April 30,2018 is $77,800

Explanation:

The computation of the adjusted cash balance as on April 30,2018 is as follows;

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We simply applied the above formula so that the accurate value could arrive

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2 years ago
A random sample of 160 households is selected to estimate the mean amount spent on electric service. A 95% confidence interval w
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Answer:

Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.

Explanation:

A confidence interval is a range of values, derived from the sample statistics, which may include the value of an unknown population parameter.

A 95% confidence interval indicates that between 152 of 160 samples (95%) of the same population will produce confidence intervals that will contain the population parameter.

It also means that we have a 95% confidence that the average (average amount) is among the resulting amounts obtained.

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Hence, the correct option is:

Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.

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