Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

38. When the occurrence of a liability is dependent on the outcome of some future event, the liability is referred to as a(n) contingent liability

38. When the occurrence of a liability is dependent on the outcome of some future event, the liability is referred to as a(n) contingent liability accrued liability commitment accounts payable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Audit Guide For Beginners Understanding Fiduciary Responsibilities

Authors: Oren Rohleder

1st Edition

B0B1M56DMY, 979-8829314019

More Books

Students also viewed these Accounting questions

Question

★★★★★

A 12-V automotive storage battery is charged with a constant current of 2amp for 24h. If electricity costs $0.08 per kW h, determine the cost of recharging the battery

Answered: 1 week ago

Question

★★★★★

Write each expression in simplest radical form. If a radical appears in the denominator, rationalize the denominator. 2 125

Answered: 1 week ago

Question

★★★★★

Identify an issue related to women and girls that is especially important to you. If you wanted to increase peoples awareness about this issue, what strategies could you adopt from the section on...

Answered: 1 week ago

Question

★★★★★

An inexperienced accountant for Silva Corporation showed the following in the income statement: income before income taxes and extraordinary item $450,000 and extraordinary loss from flood (before...

Answered: 1 week ago

Question

★★★★★

True or False , the Random Number Generator (data analysis tool) requires you to copy paste special value in order to create static random value(s)?

Answered: 1 week ago

Question

★★★★★

As the pain in my foot Select one: a. subsided b. preserved O c. reserved d. continued The supermarket has installed Select one: a. building b. memorizing crecycling d. fencing was able to walk the...

Answered: 1 week ago

Question

★★★★★

Differentiate the function. r(z) = 2-8 - 21/2 r'(z) =

Answered: 1 week ago

Question

★★★★★

on list K Find the angle between v and w. v=-3i+2j, w=3i+9j estion 14 The angle between v and w is . (Do not round until the final answer. Then round to the nearest tenth as needed.) uestion 15...

Answered: 1 week ago

Question

★★★★★

1- List five things a good CGL should have. 2- List 3 state in the United States to open LLC and state why. 2. According to your textbook, 1- List and explain the qualities to look for when choosing...

Answered: 1 week ago

Question

★★★★★

Fill in the name and empirical formula of each ionic compound that could be formed from the ions in this table: Some ionic compounds cation anion empirical formula Cs ci Cs Cs + Br I name of compound...

Answered: 1 week ago

Question

★★★★★

(a) Determine the research question you are exploring from the theme or concept of sustainability. (b) Write the research question (only one question). (c) Identify the relevant 5 academic journal...

Answered: 1 week ago

Question

★★★★★

What are two circumstances that affect interpretation of fair use of copyrighted material? (Objective 2)

Answered: 1 week ago

Question

★★★★★

How can a business or organization code of conduct help guide communication by its employees or members? (Objective 5)

Answered: 1 week ago

Question

★★★★★

Ethics. Technology. You received an iPod for your birthday that stores videos and pictures as well as music. Describe how using your iPod would increase your selectivity for content choice, time, and...

Answered: 1 week ago

Previous Question Next Question