Sound audio manufactures and sells audio equipment for automobiles. engineers notified management in december 2018 of a circuit flaw in an amplifier that poses a potential fire hazard. an intense investigation indicated that a product recall is virtually certain, estimated to cost the company $2 million. the fiscal year ends on december 31. required: 1. should this loss contingency be accrued & disclosed, only disclosed, or neither? 2. what loss, if any, should sound audio report in its 2018 income statement? 3. what liability, if any, should sound audio report in its 2018 balance sheet? 4. prepare any journal entry needed.

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.

Ellen and george work for the same company. ellen, a gen xer, really appreciates the flextime opportunities, while george, a baby boomer, takes advantage of the free computer training offered at the company. these policies are examples of

Tony is a wheat farmer, but he also spends part of his day teaching guitar lessons, due to the popularity of his local country western band, farmer tony has more students requesting lessons than he has time for if he is to also maintain his farming business. farmer tony charges $25 an hour for his guitar lessons. one spring day, he spends 10 hours in his fields planting $130 with of seeds on his farm. he expects that the seeds he planted will yield $300 worth of wheat a. 130 b. 260 c. 170 d. $-80