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
galina1969 [7]
2 years ago
9

Hart Technology must accrue a loss contingency. The amount of the loss can be reasonably estimated within a range of outcomes. O

f these outcomes, no single amount within the range is a better estimate than any other amount, but the attorneys have determined that the most probable amount to be paid by Hart Technology would be the minimum amount. What amount of loss accrual should Hart recognize
Business
1 answer:
Shtirlitz [24]2 years ago
3 0

The amount of loss that should be recognized is the <u>minimum amount </u><u>of the </u><u>range. </u>

<u />

<h3>Recording a Contingent liability </h3>
  • It should only be recorded if the loss is probable and the amount to be incurred as liability can be reasonably estimated.
  • If neither of the above are possible, the loss would be recorded as a footnote.

US GAAP rules state however that if the loss is probable and the amount is in a range, the amount to be recorded as a contingent liability should be the minimum of the range.

In conclusion, they should recognize the minimum amount.

Find out more on contingent liabilities at brainly.com/question/17371330.

You might be interested in
Many___expectations of good customer service are the same, but we must still treat each customer as an individual.
Alina [70]

So many people's expectations of good customer service are the same but we must still treat each customer as an individual.

<h3>What is a good customer service?</h3>

Also known as an excellent customer service refers to the act of meeting and surpassing expectations of customers, that is, the seller or the firm is showing the customer how important he or she is to you and the business survival and existence.

Furthermore, it involves following best practices like valuing customers' time, having a pleasant attitude, and providing knowledgeable to the customers as well.

Hence, in most case, despite that many people's expectations of good customer service are the same but we must still treat each customer as an individual.

Read more about customer service

brainly.com/question/1286522

#SPJ1

4 0
2 years ago
provides information to coordinate all of the business processes that deal with customers in sales, marketing, and service to op
AysviL [449]

Answer:

Customer Relationship Management (CRM)

Explanation:

The customer relationship management deals with managing the relationship with the customers so that the company satisfies its customer to a large extent. The motive of CRM is to gain maximum customer satisfaction so that it can retain its customers for longer time. It can be done in the following ways

1. Deliver the goods at pre-decided time and location

2. Providing them excellent services and offering them great discounts so that the company can achieve its sales target which helps the company to achieve its goals in a specified time period.

6 0
3 years ago
Vince owes colton $140,000 under a previous contract. vince does not have the money, but does own property worth approximately $
vekshin1
The answer is accord. It is a proposal to substitute a dissimilar obligation for one that was beforehand unsettled, plus the recognition of that offer.  Either of the parties convoluted can suggest an accord.  If the recently substituted obligation is essentially performed, the act is named a satisfaction. 
3 0
3 years ago
Where is a more popular place a thief would go to troy to steal your personal information?
pantera1 [17]
A cafe or restaurant with a free unprotected network
6 0
3 years ago
Which of the following products is likely to have an inelastic supply reaction to a change in price? A. Corn B. Cars C. Shoes D.
Sergio039 [100]
The correct answer is C,
A good is said to have an inelastic supply if the suppliers did not have any choice than producing it even though the cost of production is high and the buyers did not have any choice than buying it even though it is expensive.
No one can do without shoes, even if they are expensive, we still need to buy them.
4 0
3 years ago
Read 2 more answers
Other questions:
  • On May 1, Ramona and Santonio orally agree that Santonio will guide a party from the base of Mount McKinley to its summit and fr
    15·1 answer
  • A building is acquired on January 1, at a cost of $960,000 with an estimated useful life of 10 years and salvage value of $86,40
    12·1 answer
  • On June 1, Pina Colada Corp. borrows $111,000 from First Bank on a 6-month, $111,000, 8% note.
    6·1 answer
  • In creating the Wii, how did Nintendo ensure a supply of complements that would motivate customers to adopt its new video game f
    13·1 answer
  • Wilson Products computes its predetermined overhead rate on the basis of direct labor-hours. Direct material and direct labor as
    13·1 answer
  • ILL GIVE BRAINLIST PLEASE HELP
    10·1 answer
  • Marc and Michelle are married and earned salaries this year of $71,600 and $14,850, respectively. In addition to their salaries,
    15·1 answer
  • A granary allocates the cost of unprocessed wheat to the production of feed, flour, and starch. For the current period, unproces
    14·1 answer
  • Having the authority to define their own tasks makes it likely that workers will ______.
    14·2 answers
  • Allows companies to offer people personalized content based on there intresrt or shopping experience
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!