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Lina20 [59]
2 years ago
12

For each separate situation, indicate whether Cruz Company should (a) record a liability, (b) disclose in

Business
1 answer:
ratelena [41]2 years ago
8 0

Answer:

Cruz Company

Indicating whether to (a) record a liability, (b) disclose in notes, or (c) have no disclosure.

Transaction                                                        Remark

1.  Guarantee of supplier's debt                  (c) have no disclosure

2. Damages for disgruntled employee      (b) disclose in notes

Explanation:

When it is not probable that the supplier whose debt is guaranteed by Cruz will default on the debt, there is no need to make a disclosure since probable liability is not accruing to Cruz.  But with the legal case of a disgruntled employee, Cruz should disclose the information in a note.  It can only be recorded as a liability when the amount of the damages can be reasonably estimated.

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3 years ago
What is the viability and relevancy of insurance products sold to businesses and individuals ?
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6 0
3 years ago
Which of the following is an analytical tool used in six-sigma quality improvement programs? A. LeadershipB. Pareto ChartsC. Man
ira [324]

Answer: Pareto charts

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Hence, from the above we can conclude that right answer to this problem is Pareto charts.

7 0
2 years ago
QUESTION 3/14
Ilya [14]

Answer:

Wednesday

Explanation:

Jack has 3 days avaialable

Monday Coletter can't

Wednesdat Colette can and you can because you can meet any day

Friday Colette also can.

and you too as well. But it is not an option

So, unless there is something missing the only viable option would be wednesday

5 0
3 years ago
The Hastco Company had the following balances in their stockholders' equity accounts as of December 31, 2010: Paid-in Capital: $
s344n2d4d5 [400]

Answer:

The ending balance in the retained earnings account on December 31, 2009 was $11,000

Explanation:

For computing the retained earnings balance on December 31, 2009, the following equation should be used which is shown below:

= Ending retained earnings + dividend paid - net income

= $31,000 + $16,000 - $36,000

= $11,000

Since we have to find out the beginning retained earning so we add the dividend amount and deduct the net income amount

If we find out the ending balance of December 31, 2010, than we add the net income and deduct the dividend amount.

Hence, the ending balance in the retained earnings account on December 31, 2009, was $11,000

4 0
3 years ago
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