Answer:
$400,000
Explanation:
Since at December 31, Year 5, Tedd's tax advisor believed that an unfavorable outcome was <u>probable</u>. And a <u>reasonable estimate </u>of additional taxes was $400,000 but could be as much as $600,000.
Although after the Year 5 financial statements were issued, Tedd received and accepted an IRS settlement offer of $450,000.
Tedd should have included an amount of $400,000 as accrued liability in its December 31, Year 5 balance sheet
The reason is that according to the International Financial Reporting Standards, a PROVISION must be made as long as the conditions below were obtainable at year end.
- Existing Condition (which in this case is the tax dispute with the IRS)
- Probable Cash Outflow (which Tedd's Tax adviser confirmed)
- Reliable Estimate of Outflow ( which the scenario stated ''A reasonable estimate of additional taxes was $400,000'')
Hence, such 'reasonable estimate is the appropriate amount for inclusion in the financial statements.
Answer: It all ties back to the fundamental way banks make money: Banks use depositors' money to make loans. The amount of interest the banks collect on the loans is greater than the amount of interest they pay to customers with savings accounts—and the difference is the banks' profit.
Explanation: Hopefully this helped!
<span>With respect to organizational change, this would also represent a change in the type of waste machines that are used in the Industry. Since the EPA is targeting a 30% reduction of waste generated by coal-fired powerplants, the manufacturing industries are now required to adapt the new method that is establish to minimize carbon footprint.</span>
Jeremy's career development responsibility involves the <u>recognition of the particular needs</u> he can realistically develop.
<h3>What is career development planning?</h3>
Career development planning is a long-term process by which an employee explores and manages life, learning, and work opportunities to benefit them and their employers.
Career development planning involves stages, including:
- Needs assessment
- Exploration
- Preparation
- Implementation
- Decision-Making.
Thus, Jeremy's career development responsibility involves the <u>recognition of the particular needs</u> he can realistically develop.
Learn more about career development planning at brainly.com/question/4606167
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Answer:
True
Explanation:
Job Specification is comprehensive set statement to demonstrate the pre-requisite of any job for which any hiring is to be done. Job specification includes information about job designation, location , roles and responsibilities, qualifications, skill set required, experience in terms of number of years, job objective and other necessary details specific to the job.
The objective of job specification is
- To ensure that people with only right skill apply for job
- It makes easier to filter out candidates based on the mapping of requirement and candidate profile
- It makes easier for hired person to understand his responsibilities and get molded it into the role easily.
Since the problem says that Career builder has posted for sales management position which includes information on number years of experience and educational qualification, which is part of job specification and hence the statement is true.
