Answer: Higgins should report this litigation as a contingent liability.
Explanation: A liability that is contingent upon an event, that is, dependent on a future event that may or may not happen is called contingent liability. Potential law suits, pending investigations are some of the examples of contingent liability.
A contingent liability will only be recorded if there is likely probability that the event on which such liability depends will occur and the amount of liability could be reasonably estimated.
Answer:
d. By not closely questioning Jason about his area of the business, Ellen and Frank will be seen to have ratified Jason's partnership operations.
Explanation:
Because Ellen and frank are partners with Jason, they would also both be liable for Franks conduct because the three of them are business partners and have shared profits equally in Jasons area of the business without paying attention to details about the source of the profit. This would make it seem like they were in agreement and accomplices with Jason.
Answer:
$120,000
Explanation:
Given:
Shares owned by Fritz = 
of number of the shares of the other three shareholders i.e 
of all the shares
Shares owned by Luis = 
of number of the shares of the other three shareholders i.e 
of all the shares
Shares owned by Alfred = 
of number of the shares of the other three shareholders i.e 
of all the shares
Therefore,
Shares owned by them together = 
= 
of all shares,
This means that Werner owns = 1 − of all shares,
=
of all shares
i.e
= × $3,600,000
= $120,000
Answer:
16%
Explanation:
To answer this question, we make reference to the standard normal distribution curve and the z-scores value
For 68% confidence interval, the value of z will return a value of 1 SD
Hence, the Probability that the company stocks will produce an annual return that is more than one standard deviation is calculated below:
Probability = (1 - 68%) / 2
= 32%/2 = 16%
Answer:
Alternative D
Explanation:
Because proprietorships are usually huge organizations that in a quantitive way is a few
