Answer:
as a footnote in financial statements or on the balance sheet
Explanation:
A loss contingency can be defined as the situation or occurrence in which there is uncertainty about an entity but that will be resolved when a/some future situation occurs or not.
Simply put, a loss contingency can be said to be loss of an entity that can be resolved later in future by the occurrence or not of an event.
When a loss can be reasonably estimated as seen from the question, it should be written as a footnote on a financial statement or on a balance sheet.
cheers.
Complete Question:
check the first three files attached
Answer:
The fourth file gives a breakdown of the answers
Answer:
Economic growth
Migration boosts the working-age population. Migrants arrive with skills and contribute to human capital development of receiving countries. Migrants also contribute to technological progress. Understanding these impacts is important if our societies are to usefully debate the role of migration.
D1 = $ 1.25
P0 = $ 27.50
g = 5 % = 0.05
F = 6 % = 0.06
Cost of equity, re = D1/ {P0 x (1- F)} + g
= $ 1.25 / {$ 27.50 x (1- 0.06)} + 0.05
= $ 1.25 / ($ 27.50 x 0.94) + 0.05
= $ 1.25 / 25.85 + 0.05
= 0.048356 + 0.05
= 0.098356 or 9.84 %
Answer:
$15 per backpack
Explanation:
The average variable cost per of producing a backpack by using the high low method is shown below:
Variable cost per backpack = (High total cost - low total cost) ÷ (High backpack produced - low backpack produced )
= ($110,000- $87,500) ÷ (4,000 backpack produced - 2,500 backpack produced )
= $22,500 ÷ 1,500 backpack produced
= $15 per backpack
