Business, 07.12.2019 06:31, tacaurus

You are auditing rodgers and company. you are aware of a potential loss due to noncompliance with environmental regulations. management has assessed that there is a 40% chance that a $10m payment could result from the non-compliance. the appropriate financial statement treatment is to
a. since there is less than a 50% chance of occurrence, ignore.
b. since there is greater that a remote chance of occurrence, accrue the $10 million.
c. accrue a $4 million liability.
d. disclose a liability and provide a range of outcomes.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 22:40, taytay1828

Gyou plan to deposit $1,700 per year for 5 years into a money market account with an annual return of 2%. you plan to make your first deposit one year from today. what amount will be in your account at the end of 5 years? round your answer to the nearest cent. do not round intermediate calculations. $ assume that your deposits will begin today. what amount will be in your account after 5 years? round your answer to the nearest cent. do not round intermediate calculations.

Answers: 2

continue

Business, 22.06.2019 08:40, Damagingawsomeness2

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?

Answers: 3

continue

Business, 22.06.2019 08:50, sandram74691

Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u. s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize

Answers: 3

continue

Business, 22.06.2019 11:10, amunson40

The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?

Answers: 2

continue

Do you know the correct answer?

You are auditing rodgers and company. you are aware of a potential loss due to noncompliance with en...