For example, if the question said, “During 2011, Dyno Corp bought $100 of inventory on credit,” the answer would be: 2011 Liability: +100

During 2019, receives $100 from the cash purchase of a product by a customer.

2. During 2011, Dyno Corp is sued for $100M by a customer alleging that its products

   cause brain cancer. Dyno Corp plans to vigorously contest the lawsuit.

3. On September 30, 2011 (year-end), Dyno Corp borrows $100 in cash from a bank and

   promises to pay back $105 on September 30, 2012.

D. On September 30, 2011, Dyno Corp receives $100 in a pre-order from a customer for a

new engineering design and product to be released in 2012. Dyno Corp commits to

providing access to the design and product beginning in 2012.
E. During 2011, Dyno Corp earned royalties of $100 for letting another company use its

logo. Of the $100, $70 was received in 2018 and $30 relates to cash that was received in

2019.
F. During 2011, declares and pays dividends of $100.

Transaction	2019 Liabilities
Example	+100
A
B
C
D
E
F

Answer rating: 100% (QA)

Heres the breakdown of the transactions and their impact on 2019 Liabilities ... View the full answer