Answer:
The answer is: Probable and the amount of the loss can be reasonably estimated.
Explanation:
Losses should be recorded as soon as possible (conservatism principle) as long as they are probable and can be reasonably estimated. A loss doesn't have to occur to be recorded, that is why they are recorded as contingency losses. If the company finds it probable that a loss will happen but can't estimate it, then it can't record it as a contingency loss.
Answer: A, B, and C. ALL OF THE ABOVE!
Explanation:
They're all the correct answer.
Answer:
Option D. $0
Explanation:
The reason is that Taj will have to recognize a bad debt expense of $12,000 which would decrease the receivable with the same amount.
The entry would be:
Dr Bad Debt Expense $12,000
Cr Accounts Receivables $12,000
This means that the Taj will not reconize loss, all he will do is pass a bad debt expense entry. So the correct answer is option D.
Answer:
Productivity.
Explanation:
Productivity is commonly defined as a ratio between the output volume and the volume of inputs. In other words, it measures how efficiently production inputs, such as labour and capital, are being used in an economy to produce a given level of output.
Answer:
the geographical distance between mc Henry and one world
