The correct answer is Neutral stance
Answer:
$400,000
Explanation:
Since at December 31, Year 5, Tedd's tax advisor believed that an unfavorable outcome was <u>probable</u>. And a <u>reasonable estimate </u>of additional taxes was $400,000 but could be as much as $600,000.
Although after the Year 5 financial statements were issued, Tedd received and accepted an IRS settlement offer of $450,000.
Tedd should have included an amount of $400,000 as accrued liability in its December 31, Year 5 balance sheet
The reason is that according to the International Financial Reporting Standards, a PROVISION must be made as long as the conditions below were obtainable at year end.
- Existing Condition (which in this case is the tax dispute with the IRS)
- Probable Cash Outflow (which Tedd's Tax adviser confirmed)
- Reliable Estimate of Outflow ( which the scenario stated ''A reasonable estimate of additional taxes was $400,000'')
Hence, such 'reasonable estimate is the appropriate amount for inclusion in the financial statements.
Answer:
Option A
Explanation:
In simple words, Valence is individuals mental attitude towards result in second order. In this situation, the consequence of the first requirement is title earning and the consequence of that same second order is really the monetary support the competitors receive from either the USOC. Motivational Force (MF) = Survival rate * Instrumentality * Valence as according to Vroom's expectation principle.
Someone who does not have an aptitude or ability in a career area is at a disadvantage if they select a career in that field. ... When working on developing an ability, it is important to get feedback to know how you are doing. True. Jobs that require you to use your aptitudes are typically unrewarding
Answer:10;5.
Explanation:John Firman was an adjunct professor in the American University, he teaches Seminar in policing in the Graduate schools of the institution. He has also worked with the Governor of Illinois, where he worked as an Associate Director of the Illinois Criminal Justice Authority between the year 1985-1994 Mr. John Firman is the Director of the Research Division of the International Association of Chiefs of Police (IACP.) According to professor Firman,the most common restriction on hiring applicants for police service with a history of drug use within the recent past is ten years for hard drugs and five years for marijuana.
