Red Co. can estimate the amount of loss that will occur if a foreign government expropriates some?
Q. Red Co. can estimate the amount of loss that will occur if a foreign government expropriates some of the company's assets in that country. If expropriation is probable, 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.
Asked by Robert C - Wed Jul 29 14:30:42 2009 - - 1 Answers - 0 Comments
A. B. Disclosed and accrued as a liability
Answered by capwest5a - Wed Jul 29 14:49:27 2009
Q. Red Co. can estimate the amount of loss that will occur if a foreign government expropriates some of the company's assets in that country. If expropriation is probable, 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.
Asked by Robert C - Wed Jul 29 14:30:42 2009 - - 1 Answers - 0 Comments
A. B. Disclosed and accrued as a liability
Answered by capwest5a - Wed Jul 29 14:49:27 2009
Orange Co. can estimate the amount of loss that will occur if a foreign government expropriates?
Q. 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.
Asked by Robert C - Wed Jul 29 14:33:03 2009 - - 1 Answers - 0 Comments
A. There's a pretty fine line between 'reasonably possible' and 'probable'. This one is up to the judgment of the accountant. I'd personally go with A. Disclosed but not accrued as a liability.
Answered by capwest5a - Wed Jul 29 14:51:51 2009
Q. 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.
Asked by Robert C - Wed Jul 29 14:33:03 2009 - - 1 Answers - 0 Comments
A. There's a pretty fine line between 'reasonably possible' and 'probable'. This one is up to the judgment of the accountant. I'd personally go with A. Disclosed but not accrued as a liability.
Answered by capwest5a - Wed Jul 29 14:51:51 2009
Blue Co. can estimate the amount of loss that will occur if a foreign government expropriates?
Q. Blue Co. can estimate the amount of loss that will occur if a foreign government expropriates some of the company's assets in that country. If the likelihood of expropriation is remote, 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.
Asked by Robert C - Wed Jul 29 14:32:37 2009 - - 1 Answers - 0 Comments
A. no cheating. do your own work for your test. and stop posting this question with different colors.
Answered by sattp - Wed Jul 29 14:39:23 2009
Q. Blue Co. can estimate the amount of loss that will occur if a foreign government expropriates some of the company's assets in that country. If the likelihood of expropriation is remote, 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.
Asked by Robert C - Wed Jul 29 14:32:37 2009 - - 1 Answers - 0 Comments
A. no cheating. do your own work for your test. and stop posting this question with different colors.
Answered by sattp - Wed Jul 29 14:39:23 2009
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