If the likelihood of a future event is remote, how should the company report the contingency?
What will be an ideal response
No disclosure is needed.
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The change in each of Kendall Corporation's balance sheet accounts last year follows: IncreaseDecreaseCash and cash equivalents$3,000 Accounts receivable$2,000 Inventory $3,000 Prepaid Expenses$4,000 Long-term Investments $15,000 Property, Plant and Equipment$10,000 Accumulated Depreciation$8,000 Accounts payable $9,000 Accrued Liabilities$6,000 Bonds Payable $13,000 Common Stock$5,000 Retained Earnings$4,000 Kendall Corporation's income statement for the year was: Sales$300,000Cost of goods sold 180,000Gross margin 120,000Selling and administrative expense 116,000Net income$ 4,000?There were no sales or retirements of property, plant, and equipment and no dividends paid during the year. The
company pays no income taxes and it did not purchase any long-term investments, issue any bonds payable, or repurchase any of its own common stock. The net cash provided by (used in) operating activities on the statement of cash flows is determined using the direct method.The net cash provided by (used in) investing activities would be: A. $(10,000) B. $(8,000) C. $5,000 D. $15,000
_________ were created to guide employers in their efforts to comply with federal laws concerning all employment decisions, and especially the selection process.
A. Equal employment tests B. Selection modules C. Guidance principles D. Employment norms E. Uniform guidelines
Identify the pronoun or pronouns in the sentence. He and I took the certification exam, but we did poorly
The Federal Trade Commission Act considers the terms "deceptive" and "unfair" to be synonymous when determining what practices should be prohibited
a. True b. False Indicate whether the statement is true or false