Contingent liabilities are recorded in the accounts if the future event is ________ and the amount owed can be ________.
What will be an ideal response?
probable; reasonably estimated
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A mathematical distribution whose objective is to obtain a count of the number of responses associated with different values of one variable as to express these counts in percentage terms is called frequency distribution
Indicate whether the statement is true or false
A company's income before interest expense and income taxes is $350,000 and its interest expense is $100,000. Its times interest earned ratio is:
A. 1.75 B. 0.50 C. 3.50 D. 2.50 E. 0.29
If All-City Sports is being charged a higher price for the baseball, softball, and soccer equipment by Haskins Manufacturing than the manufacturer charges larger firms, of what practice would All-City Sports be the victim?
A. Price-fixing B. Price discrimination C. A community of interest D. Tying agreements
Chris O'Brian, an avid skier, takes a weeklong ski vacation every winter. To help plan his vacation, O'Brian consults all of the past issues of Scend magazine, a publication on adventure sports destinations. Which of the following advantages of magazines as an advertising medium is demonstrated in the way O'Brian uses this publication?
A. creative flexibility B. permanence C. prestige D. services E. geographic selectivity