Match the Following Columns: a. Recording of a contingent liability. 1. An IOU promising to repay the
Fantastic news! We've Found the answer you've been seeking!
Question:
Match the Following Columns:
Transcribed Image Text:
a. Recording of a contingent liability. 1. An IOU promising to repay the amount borrowed plus interest. 2. Payment amount is reasonably possible and can be reasonably estimated b. Unearned revenues. c. The riskiness of a business's obligations. 3. Mixture of liabilities and equity a business uses. 4. Payment amount is probable and can be reasonably d. Disclosure of a estimated. contingent liability 5. A liability that requires the sacrifice of something other e Interest on debt. than cash. 6. Long-term debt maturing within one year f Payroll taxes 7. FICA and FUTA g.Line of credit 8 Informal agreement that pemits a company to borrow up to a prearranged limit h Capital structure a. Recording of a contingent liability. 1. An IOU promising to repay the amount borrowed plus interest. 2. Payment amount is reasonably possible and can be reasonably estimated b. Unearned revenues. c. The riskiness of a business's obligations. 3. Mixture of liabilities and equity a business uses. 4. Payment amount is probable and can be reasonably d. Disclosure of a estimated. contingent liability 5. A liability that requires the sacrifice of something other e Interest on debt. than cash. 6. Long-term debt maturing within one year f Payroll taxes 7. FICA and FUTA g.Line of credit 8 Informal agreement that pemits a company to borrow up to a prearranged limit h Capital structure
Expert Answer:
Answer rating: 100% (QA)
Answer Explanation The correct match is as follows No Term i Note pay... View the full answer
Related Book For
Economics
ISBN: 978-0073375694
18th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
Posted Date:
Students also viewed these accounting questions
-
Following are information items included in various financial reports. Match each information item with the report(s) where it would most likely be found by entering the appropriate letter(s) in the...
-
The first two columns of the following table provide a frequency distribution, using limit grouping, for the days to maturity of 40 short-term investments, as found in BARRONS. The third column shows...
-
The following accounts appear in the adjusted trial balance columns of a worksheet: a. ____ Service Revenue b. ____ Unearned Service Revenue c. ____ Land d. ____ Salaries Expense e. ____ Supplies...
-
9.3.1 Which of the following statements are true concerning the mean of the differences between two dependent samples (matched pairs)? Select all that apply. A. The requirement of a simple random...
-
Accountants cannot measure opportunity cost. Only managers have the knowledge to measure it. Do you agree with this statement? Why or why not?
-
Are all financial statements presented with some kind of an accountants report? Explain.
-
Kate Miller owns a dance studio in Los Angeles, California. Students can buy access to the dance classes by paying a monthly fee. Unfortunately, many of Kates students are struggling actors and...
-
Victoria Ephanor manages a small product distribution company. Because the business is growing fast, Ephanor recognizes that it is time to manage the vast information pool to help guide the...
-
Question 4 Complete Mark 1.00 out of 1.00 Pa, N 6-10% 5-10% 4-104 3-10 2-10% f a b P em 10 20 30 40 5.CM PTICEX The oleo-pneumatic shock-absorber (SA) at maximum of direct piston deflection s = 45 cm...
-
Random Inc. Cost data for the last 3 years Overhead Costs Units Produced January-17 $78,000 5,679 Use regression and show the equation used for Random to separate overhead into fixed and variable...
-
The following information is available for Blue Spruce Corp. for the year ended December 31, 2017. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase...
-
When working with gas mixtures we often use the approximation that the gas mixture is ideal. However, when studying condensed phases, the simple solution model is often inappropriate. 1. Dene what is...
-
please respond to each post adding viable information and continuing the conversation post 1 Studying gender can make someone more aware of how implicit assumptions influence the structure of...
-
Determine whether the set of vectors in M2,2 is linearly independent or linearly dependent. 2-1 4 3 -7 A = B= C = 4 5 20 23
-
At December 31, Bramble Corporation reports net income of $403,200. Prepare the entry to close net income. (List all debit entries before credit entries. Credit account titles are automatically...
-
Considering the readings Fried "Legal, But Inaccesible" and Cooney "The Way It Was", What are some of the ways (described in both readings) that women's access to reproductive healthcare is being...
-
Two men exert forces of F-86 lb and P-50 lb on the ropes. (Figure 1) Figure 12ft 6ft 1 of 1 Part A Determine the moment of the force F about A. Express your answer to three significant figures and...
-
Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. $ 57.30 per unit $ 10.30 per unit $ 7.80 per...
-
Suppose that C = a + bY, where C = consumption, a = consumption at zero income, b = slope, and Y = income. a. Are C and Y positively related or are they negatively related? b. If graphed, would the...
-
Assuming the level of investment is $16 billion and independent of the level of total output, complete the accompanying table and determine the equilibrium levels of output and employment in this...
-
Corporations often distribute profits to their shareholders in the form of dividends, which are simply checks mailed out to shareholders. Suppose that you have the chance to buy a share in a fashion...
-
Let \(\boldsymbol{X}=[X, Y]^{\top}\) be a random column vector with a bivariate normal distribution with expectation vector \(\boldsymbol{\mu}=[1,2]^{\top}\) and covariance matrix \[...
-
Here the objective is to sample from the 2-dimensional pdf \[ f(x, y)=c \mathrm{e}^{-(x y+x+y)}, \quad x \geqslant 0, \quad y \geqslant 0 \] for some normalization constant \(c\), using a Gibbs...
-
We wish to estimate \(\mu=\int_{-2}^{2} \mathrm{e}^{-x^{2} / 2} \mathrm{~d} x=\int H(x) f(x) \mathrm{d} x\) via Monte Carlo simulation using two different approaches: (1) defining \(H(x)=4...
Study smarter with the SolutionInn App