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amid [387]
3 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]3 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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Absorption costing income would be ____ variable costing income. a. $150,000 less than b. $150,000 greater than c. $240,000 less
Dafna11 [192]

Answer:

E. None of the above

7 0
4 years ago
________ is the art and science of choosing target markets and getting, keeping, and growing customers through creating, deliver
pav-90 [236]

Answer:

Marketing management.

Explanation:

Marketing management is defined as the process by which conception is implemented, promotion and distribution of ideas, goods and services aimed at satisfying organisational objectives.

It focuses on application of marketing orientation and techniques in an organisation, and management of a firm's marketing resources and activities.

Marketing management involves use or research by marketers for market analysis. Some of the research methods used are qualitative market research, quantitative market research, experimental techniques, and observational techniques.

5 0
3 years ago
Read 2 more answers
In the normal operation of business, you receive a check from a customer and deposit it into your checking account. With your ba
WINSTONCH [101]

Answer:

(B) subtract both values from balance according to books

Explanation:

Provided, that the check deposited in bank is NSF.

Therefore, it will not be cashed,

Although such balance was already added to book balance as per accounting records, therefore, such amount shall be subtracted from accounting balance.

Further bank provides the information of charges which was not considered earlier.

Therefore, such amount shall also be deducted from accounting records.

Thus both such amounts shall be deducted from balance according to books.

5 0
3 years ago
When a closed economy is in equilibrium, we know with certainty that
faust18 [17]

Answer:

inward shift in the supply curve.

Explanation:

= I = S + (T-G). shift in the supply curve.

4 0
3 years ago
In 2005, Anthara Inc. acquired Sathya Inc. for $1,200 million when the fair value of net assets (assets minus liabilities) of Sa
tatiyna

Answer:

$20 million

Explanation:

Data provided in the question:

Book value of assets in 2005 = $1,200 million

Fair value of assets in 2005 = $955 million

Book value of assets in 2006 = $720 million

Fair value of assets in 2006 = $700 million

Now,

Impairment Loss = Fair value - Carrying value of Net assets

or

Impairment Loss

= Fair value of assets in 2006 - book value of assets in 2006

= $700 million - $720 million

= - $20 million                [ Here, the negative sign means a loss]

Hence,

Impairment loss of $20 million

6 0
3 years ago
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