1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Oksi-84 [34.3K]
3 years ago
6

Reeves Co. filed suit against Higgins, Inc., seeking damages for copyright violations. Higgins' legal counsel believes it is pro

bable that Higgins will settle the lawsuit for an estimated amount in the range of $100,000 to $200,000, with all amounts in the range considered equally likely. How should Higgins report this litigation?
Business
1 answer:
GaryK [48]3 years ago
6 0

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.

You might be interested in
Walking through the grocery store, Ramon sees a "buy 2, get 1 free" deal on laundry detergent. Even though he currently has plen
-BARSIC- [3]
I’m pretty sure the answer would be d
7 0
3 years ago
Which sentence is punctuated correctly?
Alchen [17]

Answer:

im pretty surre its b(mb answer got deleted)

Explanation:

4 0
3 years ago
The opening balance of Accounts Receivable for George Company was $25,000. Net sales (all on account) for the year amounted to $
Katena32 [7]

Answer:

5.7 times

Explanation:

Computation of George Company accounts receivable turnover for the year.

First step

Net sales - Amount collected on Account receivable

$200,000-$180,000

=$20,000

Thus,

Opening Balance of Accounts Receivable

$25,000+$20,000

=$45,000

Second step is to calculate for Account Receivable Turnover

$200,000 ÷ [($25,000 + $45,000) ÷ 2]

$200,000÷($70,000÷2)

$200,000÷$35,000

= 5.7 times

Therefore the accounts receivable turnover for the year will be 5.7 times

6 0
4 years ago
Ang Li has found it rather hard to move up in her managerial career at her workplace especially when compared to how fellow grad
aleksklad [387]

Answer: A glass ceiling

Explanation:  

 A glass ceiling is basically refers to the hidden barrier that monitoring the women advancement and also the minority level based on the leadership position, careers and also the discriminate in the workplace.

According to the given scenario, the given situation suggesting about the presence of a glass ceiling in the Li's organization due to the discrimination in the workplace on the basis of achievement an also the high qualification.  

 Therefore, Glass ceiling is the correct answer.  

5 0
3 years ago
How do unrealized intercompany inventory profits from a prior period affect the computation of consolidated net income when the
Margaret [11]

Answer:

Please see the answer below.

Explanation:

if in the cutting-edge duration there are unrealized intercompany stock income that becomes an end result of the earlier period, earnings must be added into consolidated net income and then it has to be assigned to the shareholders who made the intercompany sale.

if the profits become because of a downstream sale, income which is assigned to the controlling interest desires to be adjusted through growing the amount of the realized income and if that is due to an end result of upstream sale, profits which is assigned to the controlling, in addition to the non-controlling interest, wishes to be adjusted by means of growing the quantity of earnings while income changed into realized.

sure, it's far very essential to understand the popularity of the sale whether or not it becomes an upstream or downstream due to the elements like whether or not earnings at the sale is adjusted for controlling and non controlling agencies and similarly, for you to as it should be assigned the consolidated internet profits to the correct shareholder

8 0
3 years ago
Other questions:
  • Item 35Item 35 You expect to receive $4,100 upon your graduation and will invest your windfall at an interest rate of 0.63 perce
    11·1 answer
  • The ________ run by the u.s. department of labor enables public employment agency counselors to advise applicants about local an
    11·1 answer
  • Define osmosis and predict the direction of water movement based on differences in solute concentrations.
    8·1 answer
  • What are the 3 cs of credit
    6·1 answer
  • "the service sector makes up approximately what percentage of all jobs in the united states?" 40%
    13·1 answer
  • The Vogt corporation paid a dividend of $4.20 on its stock in the year just ended. If the dividends are projected to grow at a r
    10·1 answer
  • The final paragraph of a cover letter does not need which of the following?
    13·1 answer
  • identify the cultural differences that are likely to arise between costco us employees and local employees are working in austra
    7·1 answer
  • Balance sheet and income statement data indicate the following:
    12·1 answer
  • Consider the following scenario: Because inflation has risen, a clothing company decides to issue a new printed catalog monthly
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!