Business, 27.09.2019 00:30, nnaomii

Acorporation has been sued for product failures allegedly resulting in injuries to the individuals bringing the lawsuit. the company's lawyers believe it is more than remote, but less than probable, that the lawsuit will result in an actual liability. which of the following actions should be taken by the company's management?
a. management should consider resigning
b. the situation should be described in a note to the financial statements.
c. the liability should be estimated and recorded as an expense.
d. the possible liability should be ignored.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 13:40, vanessam16

Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be:

Answers: 3

continue

Business, 22.06.2019 20:30, andrejr0330jr

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)

Answers: 3

continue

Business, 22.06.2019 23:00, vipergod07

Customers arrive at rich dunn's styling shop at a rate of 3 per hour, distributed in a poisson fashion. rich can perform an average of 5 haircuts per hour, according to a negative exponential distribution. a) the average number of customers waiting for haircuts= customersb) the average number of customers in the shop= customersc) the average time a customer waits until it is his or her turn= minutesd) the average time a customer spends in the shop= minutese) the percentage of time that rich is busy= percent

Answers: 3

continue

Business, 23.06.2019 00:30, destinyd10189

Dr. hughes enjoys offering to employees who perform over and above the call of duty

Answers: 1

continue

Do you know the correct answer?

Acorporation has been sued for product failures allegedly resulting in injuries to the individuals b...