If no reasonable estimate of the loss can be made, then a contingent liability should be recognized in the ____________________.
Fill in the blank(s) with the appropriate word(s).
footnotes to the financial statements
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An innocent misrepresentation is not a basis for rescinding a contract.
Answer the following statement true (T) or false (F)
Hubs create independent, dedicated circuits for the devices that are attached to them
Indicate whether the statement is true or false
Which of the following statements is true regarding an intra-entity transfer of land?
A. A loss is always recognized but a gain is deferred in a consolidated income statement. B. Recognition of a gain or loss is deferred by adjusting stockholders' equity through comprehensive income. C. A loss and a gain are deferred until the land is sold to an outside party. D. loss and a gain are always recognized in a consolidated income statement.
Because entrepreneurs can hire other people to manage their business for them, they do not need strong leadership skills
Indicate whether the statement is true or false