Define a constructive obligation.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
One of the essential characteristics of a liability is that there must be a p...View the full answer
Answered By
Shebla K
I am an MBA graduate having experience as an Assistant Professor at University level for two years. I always prepare well for a class as I believe that only if you become an ocean you can give a bucket of water. Being a teacher was not only my profession but also my passion.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Applying International Financial Reporting Standards
ISBN: 978-0730302124
3rd edition
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
Question Posted:
Students also viewed these Accounting questions
-
What is a constructive obligation?
-
Explain the difference between a legal obligation and a constructive obligation.
-
1. Which of the following is not a characteristic of a constructive retirement of bonds from an intercompany bond transaction? a. Bonds are retired for consolidated statement purposes only. b. The...
-
The Chicago Omni Hotel is a 750-room luxury hotel offering guests the finest facilities in downtown Chicago. The hotel is organized into four departments: lodging, dining, catering, and retail...
-
Sterling Garde, Inc., has 90,000 shares of $1.35 preferred stock outstanding in addition to its common stock. The $1.35 designation means that the preferred stockholders receive an annual cash...
-
The Coca-Cola Company versus PepsiCo, Inc Instructions Go to the KWW website and use information found there to answer the following questions related to The Coca-Cola Company and PepsiCo, Inc. (a)...
-
Identify situations in which a programmed decision is a better solution than a non programmed decision.
-
Jasmines Snack Shop sells two brands of potato chips. She produces them by buying them from a wholesale supplier. Brand X costs Jasmine $1 per bag, and Brand Y costs her $1.40. Draw Jasmines...
-
Exercise 1 1 - 2 ( Static ) Dropping or Retaining a Segment [ LO 1 1 - 2 ] The Regal Cycle Company manufactures three types of bicycles - a dirt bike, a mountain bike, and a racing bike. Data on...
-
Habari Jema Corp provided the following data for Department 203 for 2021. Work in process as of 1/1/2021: Job No. 2176 Labor $ 22,000 Actual costs incurred by Department 203 during 2021: By Job: Job...
-
What are the characteristics of a provision?
-
What is the key characteristic of a present obligation?
-
What is the three-character extension appended to solution files in Visual Basic 2015? a. .prg b. .sln c. .src d. .vbs
-
1. List at least three (3) ways a business can anticipate potential problems to prevent complaints. 2. Explain how to identify customer needs and expectations. 3. List at least five (5) ways to build...
-
you have taken over a company with 4 employees and you have 1 millon dollars with you.as business management student,you are expected to take 5 business decisions ensuring that the company is able to...
-
Draw the Diamond - E ( SERVO ) model of strategic management and provide ONE WORD ( or short phrase ) that best describes the relationships between the elements of the model. ( up to 1 0 points )
-
If a patient's X-ray is rejected (at the end of the 22-minute evaluation by the doctor), she has a second X-ray taken (assume that the second X-ray will always be accepted) and this new X-ray must be...
-
What are the cognitive appraisal processes involved in stress perception, and how can cognitive-behavioral techniques such as cognitive restructuring and mindfulness-based interventions help...
-
Name one kind of mutation that produces an altered protein. What determines whether the altered protein will have beneficial, neutral, or harmful effects?
-
A horizontal annulus with inside and outside diameters of 8 and 10 cm, respectively, contains liquid water. The inside and outside surfaces are maintained at 40 and 20oC, respectively. Calculate the...
-
In what ways can segment information assist in the analysis of a companys financial statements?
-
How is a business segment to be identified under the provisions of FASB Statement No. 131?
-
How large must an internally defined segment be for separate financial statement disclosure to be required?
-
Based on the regression output (below), would you purchase this actively managed fund with a fee of 45bps ? Answer yes or no and one sentence to explain why.
-
What is the yield to maturity on a 10-year, 9% annual coupon, $1,000 par value bond that sells for $967.00? That sells for $1,206.10?
-
1)Prepare the journal entry to record Tamas Companys issuance of 6,500 shares of $100 par value, 9% cumulative preferred stock for $105 cash per share. 2. Assuming the facts in part 1, if Tamas...
Study smarter with the SolutionInn App