1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nikolay [14]
2 years ago
15

What will a contingency note contain?

Business
1 answer:
kykrilka [37]2 years ago
4 0

Answer:

Contingencies are potential liabilities that might result because of a past event

Explanation:

Reasonably possible losses are only described in the notes and remote contingencies can be omitted entirely from financial statements.

You might be interested in
To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for, Multiple choice question
EleoNora [17]

To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for;

  • Rent expense is debited, prepaid rent is credited

<h3>Prepaid rent account</h3>

A prepaid rent account simply a current asset account that's responsible for reporting the amount of future rent expense that was paid in advance of the rental period.

On this note, the amount reported on the balance sheet is the amount that has not yet been used or expired as of the balance sheet date.

Read more on prepaid rent account;

brainly.com/question/1202504

6 0
2 years ago
What purpose does tesla serve in the economy?
grandymaker [24]

Tesla has created over 1,500 jobs at its ATVM-supported facilities. The Department of Energy's investment in Tesla supports the commercial deployment of advanced technologies that help U.S. automakers remain competitive in the growing global advanced vehicle market. This is the purpose of tesla serving the economy.

The economy is the field of production, distribution, trade and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.

Learn more about the economy here:brainly.com/question/1106682

#SPJ4

8 0
2 years ago
A trust is a legal document that explains how a person wishes his property to be transferred.
Kaylis [27]
This is TRUEEEEEEEEEEE
6 0
3 years ago
Read 2 more answers
At December 31, Gill Co. reported accounts receivable of $238,000 and an allowance for uncollectible accounts of $600 (credit) b
meriva

Answer:

$6,540

Explanation:

Given:

accounts receivable of $238,000

allowance for uncollectable accounts of $600 (credit)

Also, the allowance for uncollectible accounts should be 3% of accounts receivable.

Therefore the amount of the adjustment for uncollectible accounts would be

= 3% of $238,000 - $600= $(7140-600)= $6,540

4 0
3 years ago
The type of advertising that does not focus on promoting specific goods or services but instead attempts to promote an organizat
lawyer [7]

Answer: Institutional

Explanation:

The institutional advertising helps to promote an institutional, organization, business or the industry related advertisement.

The institutional advertisement is also known as corporate advertising that mainly focus on the business ideas and the benefits.

It helps to enhance the reputation of an organization and also try to build a good image in the market. Therefore, Institutional advertising is the correct answer.

8 0
3 years ago
Other questions:
  • The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $31,000 per year fo
    10·1 answer
  • Best Bicycles Inc uses a standard part in the manufacture of several of its bikes. The cost of producing 43,000 parts is $140,00
    5·1 answer
  • If an investor possesses a portfolio heavily concentrated in Certificates of Deposit, a financial advisor would most likely sugg
    12·1 answer
  • Paying attention to trends that might impact your future career is called
    15·2 answers
  • This technique is an iterative process that identifies and defines the work to be completely accomplished in the near term, and
    15·1 answer
  • Explain the meaning of “strong” currency and “weak” currency. what are the advantages and disadvantages of each?
    9·1 answer
  • (Tco 1) socially adept managers will have a knack for _____.
    11·1 answer
  • ¿La desigualdad social, puede afectar en los principios de administración de una empresa?
    14·1 answer
  • What the possible careers in Law​
    5·1 answer
  • We would expect the cross elasticity of demand between dress shirts and ties to be?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!