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skad [1K]
2 years ago
5

If a contingent liability is reasonably estimable and it is reasonably possible that the contingency will occur, the contingent

liability Group of answer choices should be recorded in the accounts. should be disclosed in the notes accompanying the financial statements. should not be recorded or disclosed in the notes until the contingency actually happens. must be paid for the amount estimated.
Business
1 answer:
padilas [110]2 years ago
3 0

Answer:

Should be disclosed in the notes accompanying the financial statements

Explanation:

You have to report contingent liabilities that are reasonably possible to occur, but since they haven’t occurred, you don’t record or pay them until they actually occur. You report them in the notes only.

You might be interested in
You manage an equity fund with an expected risk premium of 13% and a standard deviation of 44%. The rate on Treasury bills is 6.
Nady [450]

Answer and Explanation:

The computation of the expected return and the standard deviation is given below:

the expected return is

= $90,000 × 13% + $60,000 × 6.6%

= $15,660.00

And,

standard deviation of return is

= $90,000 × 13% × 44% + $60,000 × 6.6%

= $5,148 + $3,960

= $9,108.00

In this way it should be calculated

8 0
3 years ago
Which is not a characteristic of contact with energized components that affects severity of injury to a person in a shock incide
Colt1911 [192]

Circuit characteristics such as voltage, Contact resistance, and internal resistance of the body, Duration of the contract,  Environmental conditions that affect the body's contact resistance, Pathway of the current through the body are not characteristic of contact with energized components that affect the severity of injury to a person in a shocking incident.

Sweating - Anything that increases the hydration of body tissues (such as sweating or being very young) makes a person a better conductor and therefore more likely to be injured in shock.

The main factors of energized components that influence the severity of an electric shock injury are 1) the amount of current flowing through the body, 2) the duration of the current flow, and 3) the path of the current through the body.

Learn more about energized components at

brainly.com/question/27953133

#SPJ4

7 0
2 years ago
Barbara buys the same market basket each week and spends $60 on it. This week Barbara brought $60 to the store but could not buy
Arisa [49]

Answer:

there was inflation

Explanation:

Inflation may be defined as the rise in the price or the increase in the cost of a product or commodities in the market. It is when you pay more price for the same commodity that you have bought it in a less price earlier.

When there is inflation, the price of goods in the market increases.

In the context, Barbara usually buys the same market basket every week at a price of $ 60. But this week she could not buy the market basket even though she had $ 60 with her. This is because the price of the market basket increased this week due to inflation and now cost more than $60. So Barbara could not buy the market basket.

4 0
3 years ago
Microsoft and Intel are two companies that illustrate the concept of "bargaining power of suppliers" in Porter's five forces mod
Tasya [4]

Answer:

True

Explanation:

Intel is a major computer hardware supplier in the world, and its friend Microsoft buys hardware parts from them which it uses in manufacturing computers such as processor chips.

In respect to the bargaining power of suppliers in Porter's five forces model of industry competition, Intel acts as a supplier to Microsoft. And because of Intel's bargaining power like its market dominance and limited competitors, it can set prices which the–Microsoft has no choice but to purchase.

4 0
3 years ago
Suppose disposable income increases by $2,000 . As a result, consumption increases by $1,500 . Answer the questions based on thi
zlopas [31]

Answer:

The increase in savings resulting directly from this change in income is $500

The marginal propensity to save (MPS) is 0.25

Explanation:

In order to calculate The increase in savings resulting directly from this change in income we would have to make the following calculation:

increase in savings resulting directly from this change in income= increase in income - increase in consumption

increase in savings resulting directly from this change in income= $2,000 - $1,500

increase in savings resulting directly from this change in income=$500

The Marginal propensity to save = increase in savings/increase in income =

Marginal propensity to save = $500/$2.000

Marginal propensity to save =0.25

8 0
3 years ago
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