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ryzh [129]
3 years ago
6

Newman Company has both a contingent gain and a contingent loss that it judges to be highly probable to result in future cash fl

ows, which it is able to reasonably estimate. Which of the following should the company accrue for the current accounting period
Business
1 answer:
mihalych1998 [28]3 years ago
5 0

Contingent loss only should the company accrue for the current accounting period.

Explanation:

A potential failure that may or may not depend on a future occurrence. If the loss is probable and the estimation of the cost is realistic, a journal report documents the damage and liabilities.

Laws state that potential liabilities are reported in the records when a probable occurrence is potentially expected and a fair calculation may be made of the sum of liability. That will mean that in advance of the settlement, a deficit (debit) and obligation would be reported (credit).

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If 60% of the population is female and 30% of females buy physical therapy services, and 70% of men buy physical therapy service
Maslowich

Answer:

Men.

Explanation:

Well, 70% of 40% (100% - 60%) = 28% total population demand.

30% of 60% = 18%

28% > 18%

5 0
3 years ago
Mitchell Corporation bought equipment on January 1, 2012 .The equipment cost $120,000 and had an expected salvage value of $20,0
murzikaleks [220]

Answer:

$100,000

Explanation:

Depreciable cost refers to the portion of an asset's costs that will be spread throughout the use-life of the asset. It is the amount to depreciated over the gainful life of the asset.  

Depreciable cost is calculated by subtracting salvage value from the original cost of the asset. Salvage value is also the scrap value.

Depreciable cost = asset cost - salvage value

Depreciable cost= $120,000 - $20,000

Depreciable cost =$100,000

4 0
3 years ago
The Sapote Corporation is a manufacturing corporation. The corporation has accumulated earnings of $450,000 and the corporation
Eduardwww [97]

Answer: $40,000

Explanation:

As this is a manufacturing company, they are exempt of Accumulated earnings tax of the amount of $250,000. Anything above that will be subject to an Accumulated Earnings tax rate of 20%.

Accumulated Earnings tax = 20% * (450,000 - 250,000)

Accumulated Earnings tax = 20% * 200,000

Accumulated Earnings tax = $40,000

3 0
3 years ago
Dragon Autos Inc., an automobile company based in the country of Bear Island, made a capital investment of $300,000 to set up pr
Irina18 [472]

Answer:

Foreign direct investment

Explanation:

Foreign direct investment (FDI) refers to a situation where a firm from country A invests in business in country B. Generally speaking FDI takes place when a firm acquires at least 10% of a business in another country.

In this case Dragon Autos is a company that is based in Bear Island (country A) that is investing $300,000 in the country of Westerland (country B).

FDI amounts to $253.6 billion in the US economy.

5 0
3 years ago
A firm with sales of​ $1,000,000, net profits after taxes of​$30,000, total assets of​ $1,500,000, and common​ stockholders' inv
tigry1 [53]

Answer:

The firm has a return on equity of​ D. 4 percent

Explanation:

Return on equity (ROE) helps an investor see how much after-tax profit a company gained for each dollar in equity, is calculated by formula:

Return on equity (ROE) = Net income/shareholder's equity

The firm has  net profits after taxes of​ $30,000 and common​ stockholders' investment of​ $750,000 - shareholder's equity.

ROE = ($30,000/$750,000) x 100% = 4.00%

7 0
3 years ago
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