Answer:
Debit legal expense/penalties (p/l) $900,000
Credit Provisions (B/s) $900,000
Explanation:
According to IAS 37 Provisions, contingent liabilities and contingent assets, a provision is to be recorded where there is a present obligation as a result of a past event and the outflow of economic benefits to satisfy the obligation is probable.
Hence if it is probable that Scorcese will be liable for $900,000 as a result of this suit, a provision is needed and will be recorded by;
Debit legal expense/penalties (p/l) $900,000
Credit Provisions (B/s) $900,000
Listening: Make it Your Secret Communication Weapon
<span>Take Accountability: Do What You Say You're Going to Do
</span><span>Creative Thinking: Be Resourceful With What You've Got
</span><span>Emotional Awareness: Know What You're Feeling
</span><span>Empathy: Go Outside to Connect Inside</span>
Answer:
Human Resource Management
Explanation:
Employees in a successful business are part of business, they are treated as assets, and not any expenditure or liability, they are human assets.
The Human Resource Management refers to policies, practices and any kind of system which impacts and influences the human behavior towards the organisation and their goals.
In this management as the name suggests human as a resource to the organisation is managed by formulating policies, and practices to attain maximum use of human resource, and utilizing this resource in the best possible manner.
Correct Answer
Human Resource Management
Answer:
Explanation:
The journal entries are shown below:
1. Cash A/c Dr $13,500
Photography equipment A/c $58,050
To Common stock A/c $71,550
2. Prepaid insurance A/c Dr $3,100
To Cash A/c $3,100
(Being the prepaid insurance is paid for cash)
3. Office supplies A/c Dr $2,565
To Cash A/c $2,565
(Being the office supplies are purchased for cash)
4. Cash A/c Dr $3,600
To Photography fees earned A/c $3,600
(Being cash is received)
5. Utilities A/c Dr $874
To Cash A/c $874
(Being the utilities are paid for cash)
Answer and Explanation:
Nonprofit organizations are not stressed over boosting benefit and rather need to expand yield. On account of a clinic this yield is patients who get more advantageous or on account of a college it is understudies who graduate that the nonprofit organizations need to increment. Simultaneously. they need to take care of the expenses of work and capital that go into keep their foundations running. This implies the pace of yield at which nonprofit organizations need to deliver ought to be when normal all out cost rises to the market cost with the goal that their benefits would be zero.