Contingent liabilities are only recognized if they arise from past events.
Answer the following statement true (T) or false (F)
True
Contingent liabilities cannot be reported for events that have not yet occurred, such as hurricanes or other natural disasters.
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A company purchases equipment for $32,000 cash. This transaction should be shown on the statement of cash flows under
A) investing activities B) financing activities C) noncash investing and financing activities D) operating activities
Which of the following statements is MOST sender-centered?
a. Congratulations on your new job with the sales department. b. I want to take this opportunity to offer my thanks for the service provided. c. Please send a copy of your annual report. d. All customers receive a discount with the coupon.
Wimble ordered 1,000 pro-quality luminescent orange tennis balls from Sports Unlimited at a cost of $800 . On June 1, Sports Unlimited shipped standard white tennis balls, but Wimble rejected them. Wimble bought the same number of pro-quality luminescent orange balls from another supplier the same day for $650 . In a suit against Sports Unlimited, Wimble may recover $800
a. True b. False Indicate whether the statement is true or false
Someone with a polychronic preference functions in two different temporal orientations, such as past and present
Indicate whether the statement is true or false