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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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Ed has a summer beach cottage that he has owned for many years. the cottage is valued at $ 75 comma 000. this​ year, ed spends ​
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is this all of the equation?

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3 years ago
The following are selected 2020 transactions of Astin Corporation. Sept. 1 Purchased inventory from Encino Company on account fo
masya89 [10]

Answer:

inventory  50,000 debit

    accounts payable    50,000 credit

--to record purchase of goods--

accounts payable 50,000 debit

      notes payables      50,000 credit

--to record teh issued promissory note to setle the account--

cash                                  50,000 debit

discount on note payable 4,000 debit

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--to record the discounted note--

Explanation:

a)  we record the purchase as always.

b) we are trading a liability for another. We do not receive for the note.

c) we discount on the note and we are goind to declare the interest expense at maturity or year-end against this discount.

5 0
3 years ago
Which of the following is a dimension of national culture?
BartSMP [9]

Answer:

(B) Uncertainty avoidance.

Explanation:

Uncertainty avoidance is one of the dimensions of national culture.

It deals with with degree at which members of a society feel comfortable and tolerate uncertainty and the unknown.

People in cultures with high uncertainty avoidance try to reduce the occurrence by implementing rules and regulations while those in cultures of low uncertainty avoidance feel more comfortable and have no need to implement many rules.

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As a marketing manager what efforts you can put in place that can shape your companies brand to meet dramatic developments occur
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Answer:

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1. Use of social media :

Almost every second individual in our society is actively engaged in social media. Therefore, it is an efficient as well as relatively less expensive method of targeting the audience.

2. Knowing the audience :

One best way to hedge the market uncertainties is to completely understand the behavior of your customers. Thus, one can conduct research on different levels to understand customer preference.

7 0
3 years ago
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