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faust18 [17]
3 years ago
5

A potential obligation that depends on the future outcome of past events is a contingent liability. true false

Business
1 answer:
stiks02 [169]3 years ago
3 0

Answer:

TRUE

Explanation:

A potential obligation that depends on the future outcome of past events is a contingent liability!

- An obligation is something that is to be done

- A potential obligation is a thing or activity that is among the options of stuff that can be done

- When something depends on the future outcome of past events, it introduces or carries with it, the cost of waiting (for future outcomes)

- A contingent liability is something that poses probability of loss instead of gain. The opposite of liability is asset.

So in business, a potential obligation or action that depends on the future outcome of past events is a contingent loss rather than gain.

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A health and fitness startup company goes for an initial public offering. For assistance, it enters into a firm commitment arran
mojhsa [17]

Answer:

"Underwriting " is the correct answer.

Explanation:

  • Underwriting seems to be the mechanism whereby an entity or organization assumes an investment burden at a cost, is indeed the mechanism for a mortgage company to determine the danger of extending credit to customers.
  • The above word stemmed from the custom of making increasing uncertainty-taker put their names below the total degree of responsibility individuals were inclined to acknowledge for something like a defined bonus.

So that the above is the appropriate answer.

4 0
3 years ago
When a customer opens a bank savings account, the bank, essentially becomes a(n) ___.
Rzqust [24]
<span>Here are the choices on the given question:
A. lender
B. investor
C. insurer
D. borrower
When the customer opens a bank savings account, the bank, essentially becomes an investor. So the answer is B. 
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5 0
3 years ago
Read 2 more answers
Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, 2/10, n/30. The cost of the goods so
Crazy boy [7]

Explanation:

On the books of Shore Co

Cash A/c Dr $111,560

Sales discount A/c $2,240           ($11,2000 x 2%)

              To Accounts receivable A/c $113,800           ($112,000 + $1,800)

(Being cash is received)

On the books of Blue star

Accounts payable A/c Dr $113,800    ($112,000 + $1,800)

               To Merchandise inventory A/c $2,240              ($11,2000 x 2%)

                To Cash A/c $111,560

(Being cash is paid)

8 0
3 years ago
Which ability does the following example represent? you work an eight hour shift collecting money at highway toll stops.
Scilla [17]

<span>The answer is c, systematic. It is doing something in a series of procedures or involving a system, method, or plan. In collecting money in toll booths is a systematic way, there is no other way in collecting money from there. When a vehicle stop at a toll booth, the person manning the booth, immediately gets the money because that’s how it works, systematized.</span>

7 0
3 years ago
The desire to be your own boss.
Vika [28.1K]

Answer:

This is widely considered to be a benefit of starting your own business and is also a factor for motivation

8 0
3 years ago
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