This year, Port City was sued for injuries sustained when a citizen slipped and broke her hip on the icy City Hall steps. The City attorney estimates the City will be held liable by the courts and a judgment of $200,000 will result. Because of the nature of the case it will likely be four years before the City makes any payment related to the accident. The present value of the likely future payment is $167,000. In the government-wide financial statements, at the end of the current fiscal year, Port City should recognize a liability of:
a. $200,000.00
b. $167,000.00
c. $0.00
d. $50,000.00
Answers: 1
Business, 22.06.2019 20:50
Stormie zanzibar owns a bakery in the fictitious country of olombia. each month the government’s market ministry mails her a large list of the regulated price of goods which include products like bread, muffins and flat bread. the list also dictates the types of goods she can sell at the bakery and what she is to charge. because of the regulations placed on these goods, stormie has increased her production of sweets, pies, cakes, croissants and buns and decreased her supply of breads, muffins and flat bread. she has taken these steps because the sweet goods’ prices are not government controlled. stormie zanzibar lives under what type of economy?
Answers: 3
Business, 22.06.2019 23:40
Elite coffee and bakery, a café that offers a relaxing environment to enjoy quality coffees, teas, soups, and other menu items, has a poster in the front of its restaurants that reads, "we will always provide a quality product to our customers better meet the challenges of their day and always take the time to offer caring service one person at a time." this statement is elite's
Answers: 2
Business, 23.06.2019 01:30
How is systematic decision making related to being financially responsible
Answers: 1
Business, 23.06.2019 06:30
Will mark the ! hurry ! drag and drop the ethnic group to identify the country where it is the majority. ethnic groups may be used more than once. match to the right boxcristian greeks. arabs. persiansiran qatar cyprus iraq
Answers: 1
This year, Port City was sued for injuries sustained when a citizen slipped and broke her hip on the...
Mathematics, 06.01.2020 01:31
Biology, 06.01.2020 01:31
Mathematics, 06.01.2020 01:31
Social Studies, 06.01.2020 01:31
English, 06.01.2020 01:31
Mathematics, 06.01.2020 01:31
Arts, 06.01.2020 01:31
Mathematics, 06.01.2020 01:31
Geography, 06.01.2020 01:31
History, 06.01.2020 01:31
English, 06.01.2020 01:31