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kirill115 [55]
3 years ago
12

How should a loss contingency that is reasonably possible and for which the amount can be reasonably estimated be reported

Business
1 answer:
guajiro [1.7K]3 years ago
5 0

Answer:

as a footnote in financial statements or on the balance sheet

Explanation:

A loss contingency can be defined as the situation or occurrence in which there is uncertainty about an entity but that will be resolved when a/some future situation occurs or not.

Simply put, a loss contingency can be said to be loss of an entity that can be resolved later in future by the occurrence or not of an event.

When a loss can be reasonably estimated as seen from the question, it should be written as a footnote on a financial statement or on a balance sheet.

cheers.

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★  Farm products which are perishable and seasonal nature are supplied by many producers.

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2 years ago
2 x (3a-b) - 3y(b-3a)​
pantera1 [17]

Answer:

6ax+9ay−2bx−3by

Explanation:

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Xyz inc. has total debt ratio of 0.62. calculate the company's equity multiplier.
sergiy2304 [10]
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3 years ago
Cost leadership is a sustainable source of competitive advantage only if no barriers exist that prevent competitors from achievi
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2 years ago
Find the final amount of money in an account if $ 8 , 000 is deposited at 5 % interest compounded semi-annually and the money is
Vika [28.1K]

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The formula to find the compound amount after t years (compounded semiannually) :-

A=P(1+\dfrac{r}{2})^{2t}

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The final amount in the account will be $12477.27

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3 years ago
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