Answer:
b. No journal entry is required
Explanation:
Given that
Estimated percentage of losing = 40%
Estimated amount = $800,000
By considering the above information, we concluded that
As in the case of the litigation, there is no journal entry is recorded as the possibility of the event is not certain with respect to the entity's economic resources.
Therefore in the given case, the correct option is b.
Answer:
The correct answer is letter "E": provide liquidity.
Explanation:
Financial market describes any manner in which buyers and sellers meet for trading assets, usually financial securities such as stocks, bonds currencies, options, and derivatives. Financial markets are a cornerstone of the capitalist economy because they assist entrepreneurs and businesses in facilitating capital formation and liquidity.
<em>Financial markets create liquidity by making the trading of financial holdings easy for buyers and sellers without the need of a physical market.</em>
Hello
the answer would be true
have a nice day
Title II of the Social Security Act provides for assistance to those who have paid into the system through their employment and then either reach the age of retirement or become disabled. Children and spouses of those who die can also access these benefits. This benefit is more commonly referred to as SSA or just Social Security.
Hope that helps.
