Answer:
Debit Unrealized Holding Gain or Loss$200,000
Crediit Estimated liability on Purchase Commitments $200,000
Explanation:
Preparation of the journal entry at the end of the current fiscal year
Based on the information given the journal entry at the end of the current fiscal year will be :
Debit Unrealized Holding Gain or Loss $200,000
Crediit Estimated liability on Purchase Commitments $200,000
($2.5 million-$2.3 million)
Answer:
The correct option is E
Explanation:
Employment at will states that an employee would like to leave a job whenever the employe want for any reason, and employers also can terminate or fire an employee for any reason without notice.
So, in this situation, Matt denied to break the local laws and because of that the industry fired him from the job. Therefore, the exception which Matt will choose when filing the suit is the public policy, which is defined as the rules, laws and the government action which shows the rules that are selected for the public.
I'm pretty sure, financial services sales agent a.k.a stockbrocker
Answer:
a) What is the expected transaction price with variable consideration estimated as the expected value?
- original cost $5,800 if job is finished in one month (15% probability)
- bonus price for finishing 2 weeks earlier $5,800 x 1.25 = $7,250 (25% probability)
- bonus price for finishing 1 week earlier $5,800 x 1.15 = $6,670 (60% probability)
expected transaction price = ($5,800 x 15%) + ($7,250 x 25%) + ($6,670 x 60%) = $6,684.50
b) What is the expected transaction price with variable consideration as the most likely amount?
$6,670, since it has a 60% probability
Answer:
Public disclosure test
Explanation:
The public disclosure test refers to the fact that companies have to care about what the public thinks about them. Before people used to say that the public disclosure test was like having your life broadcasted by television; Are we acting properly? What would happen if our actions were made public?
Nowadays the public disclosure test is much more common because everyone has and uses a smartphone. Everything is public now, a video showing a truck illegal disposing hazardous waste material would go viral in minutes and the company's reputation would be destroyed.