The loss on realization must be?

Q: True or False?   And why?

A: The objective of the question is to verify the calculation of the cost of goods sold (COGS) for a…

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Q: why are all the answerer are wrong please help

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A:

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A: In construction contracts, the revenue is recognized over the period. So profit is recognized on the…

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Q: Concord Corporation issues 10, 10- year, 8%, $1000 bonds dated January 1, 2020, at 98. The journal…

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A: Accounting equation: Accounting equation is an accounting tool expressed in the form of equation, by…

Q: Which of the following statements is true? COMPANY NAME Some Corporation 123 Somewhere Drive,…

A: An earnings statement also commonly referred to as the payslip consists of payment information. It…

Q: What is the answer question (A ) only??

A: Lets understand the basics. Management calculates the cash collection and cash payment for the…

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Q: How can I answer these questions?

A: The question is related to Journal entry in repsect of acquisition cost. Property,  Plant and…

Q: correct

A: Correct Answer :- C 6000 Gain

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A: There are many types of stock, namely Common Stock, Preferred stock, etc.

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A: Fixed Cost:   A cost which does not change with increase or decrease in amount of goods or…

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A: Financial statement A financial statement is a document that describes the activities and financial…

Q: Current ratio Quick ratio Inventories turnover period*

A: Introduction: Return on capital employed(ROCE): ROCE –  It is a financial ratio and it is used to…

Q: Why does FASB like the retrospective approach? Does it always have to be used?

A: The FASB stands for the Financial Accounting Standards Board. It is a non-profit organization that…

Q: At the temporary financial hardship stage, the company is unable to pay its due obligations,…

A: Liquidity means ability of the business to pay its short-term liabilities. Inability to pay-off…

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A: The answer for the True or false question on the applicability of Conceptual framework is discussed…

Q: what is the difference? i don't understand the difference

A: I can tell a difference between those two. Please see if it helps.

Q: Any corporation not meeting the requirements for an S corporation is automatically a C corporation.

A: C corp operates as a conventional business structure in the United States, subject to corporate…

Q: Which decision is called the abandonment decision?

A: Answer: The decisions relating to the company that provides flexibility to discontinue the project…

Q: Astris Energi Inc. received $2037 a business partner that borrowed money from the company. The…

A: When some person has borrowed money from the business, then that money is in the form of receivable…

Q: On December 5, the employees are paid for five days. Record the journal entry on December 5 assuming…

A: Journal Entry is the first step of Accounting. Journal is the recording of transactions in a…

Q: Why is Decpreciaiton a Process of alloacation and not valuation?

A: Depreciation is an expense which shows the decrease in the value of depreciable assets due to its…

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A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

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A: An earnings statement can be referred to as the payment slip or financial record of the payment…

Q: can someone help with this question?

A: Record required journal entries in the first year for equipment purchased and its depreciation as…

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Q: What critique can say about this?

A: Liquidity ratios analysis is the usage of numerous ratios to determine the capability of a company…

Q: Distinguish between cumulative or noncumulative?

A: cumulative and noncumulative preferred is assumed since the key term is not given.

Q: nswer is complete but not entirely correct. e income S 237,340 X

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Q: What is a fortuitous event? Is there any difference between a fortuitous event and a force majeure?

A: In Chile, a chance occasion is an idea characterized by law in which mitigates the obligor from…

Q: In what ways is this true or untrue?

A: Asset is anything which is owned and controlled by the entity which will provide the future economic…

Q: What are some types of divestitures?

A: A divestiture or divestment is the disposal of the company’s assets or a through sale, exchange,…

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A: Long term Investments :- Bond sinking fund

Q: In what situation should you MAKE?

A: Make or Buy: Make or Buy decision are normal condition arises in front of management due to…

Q: Is my answer correct?

A: Hi student Since there are multiple questions, we will answer only first question.

Contingent Liabilities and Provisions

A contingent liability can be defined as a liability the occurrence of which is dependent upon the happening of an uncertain future event. It is generally recorded in the books only when the amount of liability can be reasonably estimated and the contingency is likely to occur shortly.