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PLEASE ANSWER ALL INDIVIDUAL QUESTIONS 2 . Assume that you are aware of a contingent liability that has the potential to impact the company. The
PLEASE ANSWER ALL INDIVIDUAL QUESTIONS Assume that you are aware of a contingent liability that has the potential to impact the company. The scenario is fluid, largely upintheair, hard to predict and difficult to assign a value to even if it happens. How do you recommend handling such a situation? Write a brief memo to management explaining your conclusion and recommendation. Feel free to create a fictitious liability scenario in your answer. Which long term debt option do you believe is most appropriate in which situation? Support your answer with evidence. What special circumstances must we consider with the recording of bonds? How would you ensure you have handled bond entries accurately from a procedural standpoint? Explain the process of amortizing notes. What are the key steps to doing so accurately? Why is this process important from an accounting perspective?
PLEASE ANSWER ALL INDIVIDUAL QUESTIONS
Assume that you are aware of a contingent liability that has the potential to impact the company. The scenario is fluid, largely upintheair, hard to predict and difficult to assign a value to even if it happens. How do you recommend handling such a situation? Write a brief memo to management explaining your conclusion and recommendation. Feel free to create a fictitious liability scenario in your answer.
Which long term debt option do you believe is most appropriate in which situation? Support your answer with evidence.
What special circumstances must we consider with the recording of bonds? How would you ensure you have handled bond entries accurately from a procedural standpoint?
Explain the process of amortizing notes. What are the key steps to doing so accurately? Why is this process important from an accounting perspective?
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