The amount of loss that should be recognized is the <u>minimum amount </u><u>of the </u><u>range. </u>
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<h3>Recording a Contingent liability </h3>
- It should only be recorded if the loss is probable and the amount to be incurred as liability can be reasonably estimated.
- If neither of the above are possible, the loss would be recorded as a footnote.
US GAAP rules state however that if the loss is probable and the amount is in a range, the amount to be recorded as a contingent liability should be the minimum of the range.
In conclusion, they should recognize the minimum amount.
Find out more on contingent liabilities at brainly.com/question/17371330.
Answer:
Strengths, Weaknesses, Opportunities, and Threats analysis
Explanation:
Strengths, Weaknesses, Opportunities, and Threats analysis
Answer:
B) Relationship Behavior
Explanation:
Relationship Behavior is a part of customer relationship management (CRM) which guides behavior of people towards it's customers in a way so that the relationship can flourish.
<em>In this case,</em> what store owner did was a gesture of goodwill, trying to build a strong and healthy relationship with it's supplier. That will help the store itself in future.
Answer:
D. increase marginal revenue
Explanation:
If marginal revenue is less than marginal cost then they are producing too much product and need to decrease production until marginal cost and marginal revenue are equal.
Answer:
TRUE
Explanation:
Open Internal recruiting is one of the main types of recruitment a company can employ in filling vacancies. In open internal recruiting, an organization declares vacancies <em>open to anyone within the organization</em>. Positions are open to anyone, within the organization, that is qualified and better suited for the job opening. Anyone within the organization who meets the requirement can apply, and is given equal consideration and opportunity in the selection process, as it is inclusive. Job openings are <em>not open to anyone not within the organization</em>.