subject
Business, 09.12.2021 01:00 golderhadashaowtatz

A potential legal claim which is probable and the amount can be reasonably estimated should be: multiple choice recorded in the financial statements as a contingent liability. disclosed in the notes while the lawsuit is outstanding. disclosed in the notes when the lawsuit is settled. is a potential liability that has arisen because of a past event or transaction.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 06:10
P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.
Answers: 1
question
Business, 22.06.2019 06:30
If the findings and the results are not presented properly, the research completed was a waste of time and money. true false
Answers: 1
question
Business, 22.06.2019 22:50
Which of these makes a student loan different from other types of loans
Answers: 1
question
Business, 24.06.2019 00:30
Do you think volleyball is stupid yes or no
Answers: 2
You know the right answer?
A potential legal claim which is probable and the amount can be reasonably estimated should be: mult...
Questions
question
English, 20.11.2020 14:00
question
Social Studies, 20.11.2020 14:00
question
Mathematics, 20.11.2020 14:00
question
Business, 20.11.2020 14:00
question
Mathematics, 20.11.2020 14:00
question
Mathematics, 20.11.2020 14:00