Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 27, 2024

Liabilities can be provision, contingent liabilities or other liabilities. Categorise each of the following liabilities as (1) Provisions (2) Contingent (3) Other liabilities. Wages payable

Liabilities can be provision, contingent liabilities or other liabilities.

Categorise each of the following liabilities as (1) Provisions (2) Contingent (3) Other liabilities.

Wages payable

Answer 1

Choose...

Other liabilities

Contingent liability

Provisions

Trade creditors

Answer 2

Choose...

Other liabilities

Contingent liability

Provisions

Obligations for employees' long service leave

Answer 3

Choose...

Other liabilities

Contingent liability

Provisions

Restoring a factory plant that was damaged due to bush fires

Answer 4

Choose...

Other liabilities

Contingent liability

Provisions

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

Managerial Accounting

Authors: James Jiambalvo

3rd Edition

0470038152, 978-0470038154

More Books

Students also viewed these Accounting questions

Question

★★★★★

Coke and Pepsi are well- known international brands. Coca- Cola sells more than $ 46 billion worth of beverages each year while annual sales of Pepsi products exceed $ 66 billion. Compare the two...

Answered: 1 week ago

Question

★★★★★

Is there a vector field G on R 3 such that curl G = (x sin y, cos y, z - xy)? Explain.

Answered: 1 week ago

Question

★★★★★

2. Discuss the evidence for psychopathy as a heritable disorder.

Answered: 1 week ago

Question

★★★★★

McRay Company merchandises a single product called Bright. The following data pertain to the beginning inventory and purchases of Bright during the past year: January 1 inventory 34,000 units @...

Answered: 1 week ago

Question

★★★★★

Selected balance sheet information and the income statement for Pioneer Industries for the current year are presented below. Selected Balance Sheet Accounts Prior Year Accounts Receivable $15,000...

Answered: 1 week ago

Question

★★★★★

Riverside Growers Corp manufactures garden tools in a factory in Taneytown, Maryland. Recently, the company designed a collection of tools for professional use rather than consumer use. Management...

Answered: 1 week ago

Question

★★★★★

Complete the cost card based on the following budgeted data for 8,000 units: Sales 350,000 Direct labour (10 per hour) 40,000 Direct materials (11.25kgs per unit) 180,000 Variable production cost...

Answered: 1 week ago

Question

★★★★★

Consider a set of samples {x1, x2,...,xN} that are independent and identically distributed (i.i.d.) according to a Gaussian distribution p(xi) = G (x;; , o), where i = 1, 2,..., N. Recall that the...

Answered: 1 week ago

Question

★★★★★

In both of the functions for this exercise, you used the double-accumulator pattern to produce the result. In one case it was to produce a list of numbers, and in another case it was to produce a...

Answered: 1 week ago

Question

★★★★★

Nakul works at a bank and has been tasked with reducing the number of invalid checks accepted by bank tellers (e.g., checks without a signature or a date). Nakul researches the problem, generates...

Answered: 1 week ago

Question

★★★★★

4. Based on a message you have recently received, analyse it in relation to its three components: a. the information component, b. its relational component and c. its hierarchical component.

Answered: 1 week ago

Question

★★★★★

3. Give an example of a problem or phenomenon in everyday life where information is presented in an emotional way.

Answered: 1 week ago

Question

★★★★★

6. How can a message directly influence the interpreter?

Answered: 1 week ago

Previous Question Next Question