Determining loss contingency

Reference no: EM13148242

Orange Co. can estimate the amount of loss that will occur if a foreign government expropriates some of the company's asset in that country. If expropriation is reasonably possible, a loss contingency should be:

A. Disclosed but not accrued as a liability.

B. Disclosed and accrued as a liability

C. Accrued as liability but not disclosed.

D. Neither accrued as a liability nor disclosed.

Reference no: EM13148242

Questions Cloud

Should supermarkets no longer spray the produce : in the supermarket, produce is often sprayed with water. Explain why this makes vegetables look crisp. Is this a true representation of the freshness of produce? Should supermarkets no longer spray the produce?

Net realizable value of receivables-financial statements : The practice of reporting the net realizable value of receivables in the financial statements is commonly called:

Determine what happens to the amount spent on x as the price : None of the above is necessarily true, because the information provided does not allow us to determine what happens to the amount spent on X as the price of X falls.

Describe the role you play in the life of a cell : Pretend you are one of the many cell organelles in an animal cell. Describe the role you play in the life of a cell. In your description, comment on what may happen to the cell if your organelle did not function properly.

Determining loss contingency : Orange Co. can estimate the amount of loss that will occur if a foreign government expropriates some of the company's asset in that country. If expropriation is reasonably possible, a loss contingency should be:

Draw a competitive market equilibrium : the market for pizza is characterized by a downward-slopping demand curve and an upward slopping supply curve. Draw a competitive market equilibrium. label the price, quantity, consumer surplus, and producer surplus. is there any deadweight? expla..

Confidence interval-true proportion of favour candidate a : A random sample of 100 people was taken. Eighty of the people in the sample favored candidate A. The 95% confidence interval for the true proportion of people who favor Candidate A is?

Consolidated balance sheet prepared after combination : Wilton held land with a book value of $50,000 and fair value of $600,000. Using the parent company theory, at what amount would land be reported in a consolidated balance sheet prepared immediately after the combination?

Describe two evolutionary adaptations of vertebrates : There are many challenges that organisms must meet to survive. Describe two challenges and explain how plants and animals are able to meet these challenges. Be specific about structures (anatomy) involved and molecules (physiology) involved.

User Account

All Pages