Business
Business, 07.04.2020 16:03, isaaccott013

Huprey Co. is the defendant in the following legal claims. For each of following claims, does Huprey

(a) record a liability,
(b) disclose in notes, or
(c) have no disclosure.

1. Huprey can resonably estimate that a pending lawsuit will result in damages of $1,390,000it is probable that Huprey will lose the case.

a. Have no disclosure.
b. Disclose in notes.
c. Record a liability.

2. It is reasonably possible that Huprey will lose a pending lawsuit. The loss cannot be estimable.

a. Record a liability.
b. Disclose in notes.
c. Have no disclosure.

3. Huprey is being sued for damages of $2,260,000. It is very unlikely (remote) that Huprey will lose the case.

a. Disclose in notes.
b. Record a liability.
c. Have no disclosure.

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 13:40, samchix9062
Which statement best defines a grant? a grant is an educational plan in which students alternate between studying for school and gaining work experience. a grant is a loan offered to students to pay for education-related expenses. a grant is money given by an organization for a specific purpose. a grant is a loan offered to anyone who is thinking about attending college.
Answers: 1
image
Business, 22.06.2019 17:00, staffordkimberly
Explain how can you avoid conflict by adjusting
Answers: 1
image
Business, 22.06.2019 21:00, nasrah
Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost
Answers: 2
image
Business, 23.06.2019 00:50, allimaycatp8qgaq
Aproduction department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage of production and 5,000 units in ending work in process inventory. the units in ending work in process inventory were 50% complete with respect to both direct materials and conversion costs. calculate the equivalent units of production for the month, assuming the company uses the weighted average method.
Answers: 3
Do you know the correct answer?
Huprey Co. is the defendant in the following legal claims. For each of following claims, does Huprey...

Questions in other subjects:

Konu
Mathematics, 05.06.2020 22:02