Which of the following is not essential for recognition as a liability? (a) There should be a
Question:
Which of the following is not essential for recognition as a liability?
(a) There should be a present obligation to transfer economic benefit
(b) The obligation to transfer economic benefit should be certain
(c) The obligating event triggering the obligation should have already happened
(d) It should be possible to make a reliable estimate of the amount
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
b The obliga...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted:
Students also viewed these Business questions
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
MCQ questions: 1. An increase in oil prices, such as the oil shocks in the 70s, lead to _______ thereby causing ________ a movement along the AS curve; cost-push inflation a leftward shift in the AS...
-
1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...
-
Explain factors governing recruitment?
-
Leroy and Amanda are married and have three dependent children. During the current year, they have the following income and expenses: Salaries .......... $110,000 Interest income ........ 45,000...
-
A proposed new project has projected sales of $215,000, costs of $104,000, and depreciation of $25,300. The tax rate is 23%. Calculate operating cash flow using the four different approaches...
-
6. According to the Electronic Industries Association, questionable returns have become the toughest problem plaguing the consumer electronics industry. Some consumers purchase electronic equipment...
-
Automobiles arrive at the drive-through window at a post office at the rate of 4 every 10 minutes. The average service time is 2 minutes. The Poisson distribution is appropriate for the arrival rate...
-
Please list and summarize the reasons why IASB prefer fair value over historical price. Many of those reasons could be found in our class material. You are welcomed to supplement the argument with...
-
(a) How does IAS 37, Provisions, Contingent Liabilities and Contingent Assets, distinguish the identification and accounting for a liability, a provision and a contingent liability? (b) State with...
-
With regard to government grants and accounting for them which of the following statements is inaccurate? (a) Assistance in cash or kind received from government or others is known as a government...
-
If taxes and government spending rise by equal amounts, what will happen to the position of the IS curve? Explain this with a Keynesian cross diagram.
-
A cylinder provided with a movable piston contains an ideal gsa at a pressure P 1 , specific volume v 1 and temperature T 1 . The pressure and volume are simultaneously increased so that at every...
-
Question 3.0 Simplify: (1.1) (2.2) (3.3) 4 If the given expression is undefined enter as your answer. Provide your answer below: Content attribution FEEDBACK MORE IN
-
CASE STUDY: DISCORD INVESTMENTS Case Synopsis Discord Investments brought in a global information technology (IT) consulting firm to implement a new client/server network. The company was not going...
-
4 capacitors are in a circuit. A combination of 3 capacitors each with a capacitance of 2 . 5 F are in parallel with each other, and this combination is in series with a 3 . 0 F capacitor. ( 1 )...
-
An adiabatic compressor takes air (assumed as ideal gas) flowing at a rate of 0.3 kg/s from 100 kPa and 22 C to 800 kPa. Assuming constant values of cp 1.020 kj/kg K, cv = 0.733 kJ/kg K, k = 1.391,...
-
In the past, geographic borders have helped governments assert jurisdiction effectively. In about 200 words, explain how a governments power, and therefore its ability to enforce jurisdiction, is...
-
Fred Farmer needs to prepare a balance sheet for his bank. He spent the day getting the following information. Fred needs your help to build a balance sheet and evaluate it. The information was...
-
In the previous problem, suppose Raines Umbrella Corp. paid out $75,000 in cash dividends. Is this possible? If net capital spending and the change in net working capital were both zero, and if no...
-
Blue Diamond Industries had the following operating results for 2017; sales = $44,600; cost of goods sold = $27,500; depreciation expense = $4,630; interest expense = $1,050; dividends paid = $2,275....
-
Consider the following abbreviated financial statements for Weston Enterprises: WESTON ENTERPRISES 2017 Income Statement Sales.................................$15,690...
-
If you deposit $500 into your investment at the end of each year for 6 years and earn a 7 percent annual return. You will have year (Round final answer to the nearest dollar amount.) $3,577 _...
-
The function f(x) x - 1 = x - 3 has a horizontal asymptote at: This function does not have any horizontal asymptotes. y = 1/1/13 y=0 y=1 x=3
-
At the beginning of 2026, Blossom Company had retained earnings of $390000. During the year Blossom reported net income of $90000, sold treasury stock at a "gain" of $35000, declared a cash dividend...
Study smarter with the SolutionInn App