An obligation that involves an existing condition for which the outcome is not known with certainty and depends on some event that will occur in the future is call a(n) ___________________________
Fill in the blank(s) with correct word
contingent liability
contingent loss
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Discuss self-leadership by defining self-leadership and discussing the what, why, and how of self-leadership.
What will be an ideal response?
A company made the following merchandise purchases and sales during the month of May:May 1Purchased380 units at$15 eachMay 5Purchased270 units at$17 eachMay 10Sold400 units at$50 eachMay 20Purchased300 units at$22 eachMay 25Sold400 units at$50 eachThere was no beginning inventory. If the company uses the FIFO periodic inventory method, what would be the cost of the ending inventory?
What will be an ideal response?
Which of the following is the best example of an easement?
A) Thelma has the right to receive Jane's property when she dies. B) Dark Power Company has the right to run power lines across Jane's property. C) Royal Blue hotel temporarily allows Ralph to stay on their property. D) Jane acquires stock in the corporation that owns an apartment and obtains a permanent lease on one unit.
Net present value:
A) is gross domestic product less depreciation. B) is sales volume less sales and excise taxes. C) is profit after taxes. D) ignores the time value of money. E) is the discounted value of a series of future cash receipts.