Liabilities whose amounts must be estimated are disclosed in financial statements by

A) including details in the footnotes.
B) describing the estimated liabilities among the liabilities on the balance sheet but not including the amounts in the liability totals.
C) an appropriation of retained earnings.
D) including the amounts in the liability totals.


D

Business

You might also like to view...

Which of the following stages of the five-stage development model for teams is when the team meets its goals and completes tasks?

A. adjourning B. performing C. forming D. norming

Business

Communication apprehension (CA) is a type of ______.

a. phobia b. pathological anxiety c. presentation dread d. performance anxiety

Business

The word "next" as a transition usually:

a. lets your listeners know you've moved from one main part to the next b. clearly serves as a major transition c. both of the above d. none of the above

Business

Minerva told Prudence that Prudence could park her farm tractor on Minerva's land but only for one month. Two months later, Minerva is annoyed because the farm tractor is still on her land; and Prudence refuses to move it. Which of the following causes of action, if any, would Minerva have against Prudence?

a. Trespass b. Nuisance c. Negligence d. Trespass and nuisance, but not negligence

Business