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What is the difference between a current liability for an uncertain amount and a contingent liability? Give an example of each not found in the readings, pointing out how your examples are different. How are the accounting treatments different for liabilities of an uncertain amount and contingent liabilities?
smith llc has acquired various types of assets recently. below is a list of assets acquired during 2012 and
The charter of a corporation provides for the issuance of100,000 shares of common stock. Assume that 40,000 shares wereoriginally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?
accounts receivable -0-accumulated depreciation-equipment -0-equipment 7000interest payable -0-notes payable
1. . the balance sheets at the end of each of the first two years of operations indicate the following2009
given the following information compute the ending balances of the materials inventory work in process inventory and
Compute the current ratio for each year and comment on your results - balance sheets of Bob Evans Farms
In order to sustain operations and generate sales and cash flow, the firm required to make $1250 of capital expenditures on new fixed assets and to invest $300 in net operating working capital. By how much did the firm's net income exceed its free..
on january 1 of year 1 drum line airways issued 3500000 of par value bonds for 3200000. the bonds pay interest
you are provided with the following information for web inc. for the month ended june 30 2010.web uses the periodic
at the main street theater the cashier located in a box office at the entrance receives cash from customers and
sales- mix analysis study appendix 2a. the rocky mountain catering company specializes in preparing mexican dinners
the corporation performs adjusting entries monthly. closing entries are performed annually on december 31. during
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