Which of the following contingencies should be accrued in the accounts and reported in the financial statements?
a. The company is forcefully contesting a personal injury lawsuit and a loss is possible and reasonable estimable.
b. An accommodation endorsement involving a remote loss
c. It is probable that a company will receive $50,000 in settlement of a lawsuit.
d. The estimated expenses of a one-year product warranty.
D
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_____ is the process of affecting the thoughts, behavior, or feelings of another person.
A. Attrition B. Submission C. Domination D. Influence
When microwaves were new, they often cost over $300, were huge, and had numerous settings and options. Brenda and Bart waited, concerned about potential health hazards and wishing for more choices in the market. By the time they purchased a microwave, sales of microwaves had leveled off and prices had declined significantly. Brenda and Bart were part of the ________ diffusion of innovation group.
A. early adopter B. innovator C. laggard D. early majority E. late majority
What statements are required to be prepared before a balance sheet is prepared?
a. An income statement and a statement of retained earnings. b. A statement of retained earnings and a statement of cash flows. c. An income statement, a statement of retained earnings, and a statement of cash flows. d. An income statement and a statement of cash flows.
Marriott used which of the following management science techniques to help improve profit by $120 million over two years?
A) optimization, decision analysis, and forecasting B) forecasting, queuing theory, and inventory analysis C) queuing theory, optimization, and inventory analysis D) forecasting, simulation, and optimization