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Nikolay [14]
3 years ago
15

What will a contingency note contain?

Business
1 answer:
kykrilka [37]3 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.

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For many years a mainstay of the economy in Seattle, Washington was commercial fishing. Many people not employed in the fishing
Stells [14]

Answer: The above is an example of a basic employment generating nonbasic employment.

Explanation: Basic employment is employment as a result of businesses that operate on a very large scale, and usually these businesses export their products outside the location where they are because they can more than meet the demand of that locality.

As seen in the question above, where fishing is the mainstay of the economy of Seattle. This means the fishing industry in Seattle can meet the demand of Seattle and still have commercial quantities for export.

Non-basic employment often refers to small businesses who offer services to the local customers.

In the case of the question above, the fishing industry has brought about a rise in small businesses, these small businesses will make profit from meeting the needs of the fishermen.

7 0
4 years ago
April has joined a team with members from the sales, customer service, and
Nataly_w [17]

Answer:cross-functional team

Explanation:

5 0
4 years ago
If the factory overhead is underapplied, then the adjusting journal entry to close the factory overhead account includes a: (Che
Ymorist [56]

Answer:

Debit to cost of goods sold and credit to factory overhead

Explanation:

Here we are interested in knowing the appropriate journal entry when the factory overhead is under applied.

What happens to the factory overhead journal in this case is that the we should have an adjusting journal entry.

The adjusting journal entry here is that we debit cost of goods sold and credit factory overhead

5 0
3 years ago
Use the drop-down menu below to choose the best job for each example given.
zavuch27 [327]

Answer:C,D,B

Explanation:

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Elon Musk is the product architect who developed the famous Tesla electric car. This car is one of several ideas and businesses
snow_tiger [21]

Answer:

The correct answer is innovative.

Explanation:

In business terms, innovation is something that is not often seen, since many for fear of risk and investment do not dare to generate new things. The comfort of continuing with what is already established is the enemy of innovation. But this attitude of facing business also has complications, since the lack of innovation and risk can end a company.

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