Which of the following statements is not true?
A) Loss contingencies should be disclosed if there is just a reasonable possibility of a loss.
B) Indirect guarantees should normally be disclosed by footnote, not by accrual.
C) In the case of loss contingencies, accrual can be made even if the exact payee and payment date are not known.
D) Losses may be accrued for unasserted claims and other potential unfiled lawsuits.
D
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On January 1, Christopher's reported total stockholders' equity of $1,300. During the year, $50 of dividends were declared and paid, donated land with a donor book value of $14 and a current fair value of $38 was received, additional common stock was issued for $300, and treasury stock was acquired for $22. The reported total stockholders' equity at December 31 was $1,406. What was the reported
net income or loss for the year? A) $160 net income B) $136 net loss C) $160 net loss D) $260 net loss
A vendor that employs sales associates for retailers to visit stores, analyze their business and inventory, and create displays of their products will most likely also utilize what method of product delivery?
A. Drop-shipping B. Consumer direct fulfillment C. Reverse logistics D. Direct store delivery E. Cross-docking
Implementation considerations should inform and guide the generation of market strategy
It is in answering the question, "How will we do it?" that the business develops action plans, designs sales and marketing programs, takes stock of its implementation skills, and prepares for learning and adapting Indicate whether the statement is true or false
One of the safest modes of transport is ______.
a. rail b. sea c. truck d. air