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amid [387]
4 years ago
12

Obtain the relevant authoritative literature on recognition of contingent losses. What is the specific eight-digit Codification

citation (XXX-XX-XX-X) that describes the guidelines for determining when an expense and liability should be accrued for a contingent loss.
Business
1 answer:
podryga [215]4 years ago
6 0

Answer:

310-10-50-8

Codification citation for trade receivables that do not accrue interent until a specified period has elapsed, non accrual status would be the point when accrual is suspended after the receivable becomes past due.

Explanation:

Accounting standards codification is the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied to non governmental entities.

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The correct answer is C.
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Mary is in contract negotiations with a publishing house for her new novel. She has two options. She may be paid $100,000 up fro
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Rule I is correct.

<u>Explanation:</u>

Year Cash flow Pv at 8% Discounted cash flow

0           100000              1         100000

1            26000              0.9259 24074.074

2            26000               0.8573 22290.809

3             26000         0.7938 20639.638

4             26000      0.7350 19110.776

5             26000       0.6806 17695.163

From the above calculation, the net present value is $203810.46

          Option 1   Option 2

NPV 203810.5 200000

Payback    5 years   0 years

IRR             No IRR No IRR

NPV (Net present value) option say that former would be selected

So, answer is Rule I only.

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4 years ago
According to the video, which activities are Executive Secretaries and Administrative Assistants likely to do? Check all that ap
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Answer:

1 2 3

Explanation:

I was right 2020

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If you think carefully about what you're doing always asked for advice when you need it and keep asking questions starting a bus
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IF you do all of those starting abusines will be easy

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Which of the following constitute​ Porter's 5 factor​ model?
Soloha48 [4]

Answer:

D. Threat of new​ entrants, threat of​ substitutes, bargaining power of​ buyers, bargaining power of​ suppliers, current rivalry

Explanation:

Porter's 5 Factor Model is also known as Porter's five forces. Michael E. Porter was a Professor from Harvard Business School. The model is usually applied in an industry to identify the forces that compete to shape the industry. Put differently, these five forces help to analyse an industry's Strength, Weaknesses, Threats and Opportunities (SWOT) Analyses.

As detailed in the answer, the five categories in Porter's model are;  Competitors in the industry, Potential of new entrants in the industry, Power of suppliers, Power of customers and the threat of substitute products.

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3 years ago
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