Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Explain why each of the following is reported as a contingent liability but not recognised as a provision in the statement of financial position (balance sheet).
(a) Some leasehold properties which the group no longer requires have been sublet to third parties. If the third parties default, the group remains responsible for future rent payments. The maximum liability is £200,000.
(b) Group companies are defendants in the USA in a number of product liability cases related to tobacco products. In a number of these cases, the amounts of compensatory and puni- tive damages sought are significant.
(c) The Department of Trade and Industry has appointed Inspectors to investigate the com- pany's flotation ten years ago. The directors have been advised that it is possible that circumstances surrounding the flotation may give rise to claims against the company. At this stage it is not possible to quantify either the probability of success of such claims or of the amounts involved.
Gilmore uses the allowance procedure to record bad debt expense. The firm's estimated rate for bad debts is 2.15 percent of credit sales.
1.equipment which originally cost 2500 and has a book value of 1500 is sold for 1800 on december 31 2009. where is the
The board of directors declared and paid a $3,000 dividend in 2009. In 2010, $12,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2010?
Selk Steel Co., which began operations on January 4, 2013, had the following subsequent transactions and events in its long- term investments. 2013 Jan. 5 Selk purchased 60,000 shares (20% of total) of Kildaire's common stock for $1,560,000.
Provide all required journal entries for fund and government-wide financial statements. What information do the government-wide financial statements present? What information do the fund out financial statements present?
critics of the sarbanes - oxley act do not believe the act will be effective at deterring accounting frauds because it
Write down a 3-5 pg paper comparing and contrasting Federal and state tax research. Examine the different constitutionality challenges with regard to Federal and state taxes.
andracki housecleaning provides housecleaning services to its clients. the company uses an activity-based costing
verkamp corporation has two divisions the ydi division and the qcc division. the corporations net operating income is
Lucia is a 69-year-old single individual who receives a taxable pension of $10,000 per year and Social Security benefits of $7,000. Lucia is considering the possibility of selling stock she has owned for years and using the funds to purchase a ..
Discuss the competitive implications (both pros and cons) of SOX
at what price would smith be indifferent between accepting and not accepting the order assuming that only financial
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd