Answer:
As a disclosure only. No liability is reported
Explanation:
According to the International Accounting Standard IAS 37 Provisions, Contingent Liabilities and Contingent Assets, contingent liability can only be recorded if the likelihood of recording of the loss is reasonably probable and in this case the chances of occurence of the liability is reasonably possible which must not be recorded. The only effect would be disclosing the litigation matter and not including the liability amount that will arise if it goes wrong.
Amount = Principal ( 1 + interest rate) ^ years
$1000 = $600 ( 1 + .07 ) ^ years
$1000 / $600 = 1.07 ^ years
1.66667 = 1.07 ^ years
years = 8
Answer:
$47
Explanation:
JJ Enterprises
Interest $277
long-term debt i$5,010,
long-term debt of $4,780,
Therefore;
CFC = $277 −($5,010 −4,780)
CFC = $47
Thus the cash flow to creditors for the year is $47
Answer:
The correct answer is letter "A": the social business environment.
Explanation:
The social business environment includes the society inhabitants' believes, customs, and lifestyles. It determines how businesses are handled in different regions worldwide. When it comes to low costs of labor, it might be beneficial for some companies that can open subsidiaries there to lower production costs but it also represents a struggle for some other firms because their products seem unreachable because of the low wages people earn.
