Answer: Option B and C
Explanation: In simple words , contingent liabilities refers to the liabilities the occurrence of which depends on the happening of an event that may or may not occur in the future.
These are recorded in the accounts only when the payment is to be made in future and that payment could be reasonably estimated.
Hence the correct option is B and C
Those are supply curves and demand curves. Supply curves have to meet the production requirements, while demand curves have to meet the consumer's willingness to pay.
More loans because with lower interest rates the people pulling out the loans will have to pay the bank less money for bigger loans.
Answer:
bad debt expense for the year 2016: 11
Explanation:
We can solve for bad debt expense doing the following
beginning allowance
- write-off accounts
+ bad debt expense
Equals to ending allowance
<u>We plug our values: </u>
2016 Beginning allowance 32
(Ending 2015)
write-off (12)
bad debt expense <u> ? </u>
2016 Ending allowance 31
And solve for bad debt expense:
Bad debt expense = 12 + 31 - 32 = 11
Answer:
How much should the check be?
658
Explanation:
Seven new computers 850
Discount quantity 15%
Additional discount 6%
Temrs of payment 2/10 n/30
Discount quantity 128
Additional discount 51
Payment 672
Temrs of payment 2%
Discount 13,43
Net payment 658