Business, 25.11.2021 14:40, aylengarcia090
Pacific Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships.
a. The likelihood of a payment occurring is probable, and the estimated amount is $1.24 million.
b. The likelihood of a payment occurring is probable, and the amount is estimated to be in the range of $1.04 to $1.24 million.
c. The likelihood of a payment occurring is reasonably possible, and the estimated amount is $1.24 million.
d. The likelihood of a payment occurring is remote, while the estimated potential amount is $1.24 million.
Required:
Record the necessary entry for the scenarios given above.
Answers: 3
Business, 21.06.2019 20:40, alix1234567888
Balances for each of the following accounts appear in an adjusted trial balance. identify each as an asset, liability, revenue, or expense. 1. accounts receivable 2. equipment 3. fees earned 4. insurance expense 5. prepaid advertising 6. prepaid rent 7. rent revenue 8. salary expense 9. salary payable 10. supplies 11. supplies expense 12. unearned rent
Answers: 3
Business, 22.06.2019 12:10, huangjianhe135
The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)
Answers: 1
Business, 22.06.2019 18:00, Elephants12
What would not cause duff beerβs production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand
Answers: 1
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