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garri49 [273]
2 years ago
5

Match the following terms to the appropriate definition (or partial definition). Each definition is used once."Definltlon (or Part

ial Definition)in A contractual obligation to carry out a transaction at specified terms in the future.ontingent Material commitments should be disclosed in the financial statements.liabilityeneral risk A possible liability, stemming from past events, that will be resolved as to existence andontingency. Iron curtain -mount by some future event.- pproach- Known 3. A possible loss, stemming from past events, that will be resolved as to existence andmisstatementsLikely - mount by some future event.misstatements' Loss . A n approach to making materiality judgments that quantifies the total likely misstateontingencyh. Rollover ment as of the current year-end based on the effects of reflecting all misstatements- pproachincluding projecting misstatements where appropriate) existing in the balance sheet at. the end of theurrent year, irrespective of whether the misstatements occurred in the current year or previous years.
Business
1 answer:
Over [174]2 years ago
5 0

Answer:

<em>Please see explanation</em>

Explanation:

1. Commitment : A contractual obligation to carry out a transaction at specified terms in the future. Material commitments should be disclosed in the financial statement.

2. Contingent liability: a possible liability stemming from past events, that would be resolved as to the existence and amount by some future event.

3. General risk contingency: An element of the business environment that involves some risk of a future loss. Examples include the risk of accident, strike, price fluctuations, or natural catastrophe. General risk contingencies should not be disclosed in financial statements.

4. Iron curtain approach: An approach to making materiality judgments that quantifies the total likely misstatement as of the current year-end based on the effects of reflecting all misstatements (including projecting misstatements where appropriate) existing in the balance sheet at the end of the current year.

5. Known misstatements: Specific misstatements identified by the auditor during the course of the audit.

6. Likely misstatements: Misstatements identified by the auditor during the course of the audit that are due to either extrapolation from audit evidence or differences in accounting estimates.

7. Loss contingency: A possible loss, stemming from past events that will be resolved as to the existence and amount by some future event.

8. Rollover approach: An element of the business environment that involves some risk of a future loss.  

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Answer:

Decrease; Less

Explanation:

The producer surplus is the difference between the minimum price that a producer is willing to accept for a product and the price he actually receives.  

When the market price of a product falls, the producer surplus will decrease as well.  

The lower market price implies that there will be less area between the supply curve and the market price of the product.

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Coffee Klatch Party Group, a political organization, files a claim to challenge a Delaware statute that limits the liberty of al
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The correct answer is C. This claim is most likely based on the right to substantive due process.

Explanation:

Substantive due process is a means by which the government's ability to interfere with the fundamental rights of individuals is limited. In this case, the fundamental right violated is that of freedom of expression, guaranteed by the First Amendment. Thus, since it is a right with constitutional protection, the government cannot curtail its operation without the due legal process necessary for this purpose.

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Badger Enterprises purchased aluminum from JG Metals. When Badger Enterprises recorded this transaction, they made entries into
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Changes in copyright law have been suspiciously tied to the financial interests of one company. Which company?.
irakobra [83]

Changes in copyright law have been suspiciously tied to the financial interests of one company of Disney.

<h3>What is copyright?</h3>

An exclusive right to copy, distribute, adapt, exhibit, and perform a creative work is granted by a copyright, a type of intellectual property, to its owner, typically for a certain period of time. The creative endeavour could take the form of something written, visual, musical, instructive, etc.

When an author sets a work in a physical form of expression, copyright, a sort of intellectual property, preserves the original authorship of that work.

Copyright is crucial because it gives the creator of the work the power to prevent unlicensed or unacknowledged use, preserving the value of an author's, academic's, or researcher's work.

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8 0
1 year ago
Texas ranks _________ in terms of state spending per capita, and it ranks _________ in terms of how much money it gets from the
11Alexandr11 [23.1K]

Answer:

Low, high

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Texas ranks low in terms of state spending per capita, and it ranks high in terms of how much money it gets from the federal government per capita.

Texas has for long been a low-spending state, often at the expense of some of the most necessary services. The two greatest areas of spending at the state level are public education and health and human services, which together sum up more than half of the state’s All-Funds and General Revenue budgets. Yet, Texas ranks near the bottom in education spending per student and health care spending per patient.

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