Answer:
D. The minimum of the range
Explanation:
First, it is essential to note the accrual of loss contingency is accruable only if the amount is estimable to a reasonable extent and the loss is also probable. Wyatt Co's loss is actually both probable and reasonably estimated so it meets the two criteria.
Furthermore, since it is reasonable within a rang of outcomes, Accounting Standards Codification Topic 450 (of the Financial Accounting Standard Board) dictates the amount to be accrued should be the better estimate of all amounts within the range.
The standard further states that in a situation where a better estimate can not be determined among the other amounts within the range then the amount accrued should be the one at the range's low end or the minimum amount of the range.
All these criteria shows that Wyatt CO's loss should accrue the minimum amount in the range
Answer: (A) Vertical growth
Explanation:
The vertical growth is one of the type of business growth strategy in which the various types of customers are related to the specific industry where we can easily increase the price of the products and the services according to the current marketing demand.
In the vertical growth, the various types of vertical integration factors are using for completing the distribution or the production of the products in the market.
According to the given scenario, the company using the resources for building the river rouge plants and this process is known as the vertical growth.
Therefore, Option (A) is correct.
Answer:
include the cost of selling, delivering, and after-sales support for customers
Explanation:
The period cost is the cost which includes the major part of the selling and admin expenses plus it is also not capitalized and can be incurred according to the passage of time
So as per the given situation, the third option is correct as it includes the selling, delivering cost and after sales support
Therefore all the other options are wrong
A good way to narrow down possible career choices might be researching the possible ones to see which one suits you more.
The type of contract that is missing from the this list of contracts covered by the Florida statute of frauds: sales contracts, option contracts, listing agreements for a term exceeding a year, deeds and mortgage instruments, and easements.
<h3>What is the Florida statute of Fraud?</h3>
This is the law that has it that all agreements has to be done in writing so as to be made enforceable.
The goal is to try to prevent issues where people may want to defraud others .
Read more on the statute of Fraud here:
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