On December 20, Year 6, an uninsured property damage loss was caused by a company car being driven on company business by a company sales agent. The company did not become aware of the loss until January 25, Year 7, but the amount of the loss was reasonably estimable before the financial statements were issued. The company’s December 31, Year 6, financial statements should report an estimated loss as_____________

Answers

Answer 1

Answer:

an accrual.

Explanation:

Accruals are a type of liability. They are expenses that have been incurred by the company, but have not been paid yet.

The accident resulted in a loss contingency and since it was probable and could be reasonably estimated, it must be included in the balance sheet. Balance sheets must be adjusted when certain relevant events are known after the year ended, but before the balance sheet is presented.


Related Questions

A large city offers many venues for watching a concert. A listing of concert venues for the city includes the following information: the number of seats, the age of the venue, the number of nearby parking spaces, and the location of the venue (inside or outside). What are the individuals in the data set?

concert venues
seats
ages of the venue
parking spaces

Answers

Answer:

A. concert venues

Answer:

A

Explanation:

If you do not have a Social Security number, you can apply for one.
Please select the best answer from the choices provided
ОТ
OF

Answers

Answer:

Yes.

Explanation:

Go to the DMV, and ask to get a social and fill out all the paper work.

Answer:

true

Explanation:

Look at the examples below, and select the change in matter that is an example of a physical change.
ice melting
leaves changing color
starting a fire

Answers

Answer:

Ice melting doesn't change its chemical property so it's a physical change

Answer:

ice melting is an example of physical change in which there is a change in matter where ice (solid) melts to liquid ...

hope you like the answer

please marks it as brainlist

Pamela cantu operates a school foodservice department in a small, rural community. She feeds approximately 1,000 students per day in three different locations. She receives an average of $1.20 in revenues per meal. Her budget, set at the beginning of the school year by the superintendent, is developed in such a way that a small amount is to be reserved for future equipment purchases and dining-room renovation. These funds are available, however, only if pamela meets her budget. She hopes to use this year's reserve (profit) to buy a $5,000 refrigerated salad bar for the high school. Because it is the midpoint of her school year, help her determine her "performance to budget" thus far (fill in all blanks).

Answers

Please find full question attached

Answer and Explanation:

Please find full answer and explanation attached  

Which of the following is a characteristic of economic services:
A) tangible
B) freely available to everyone
C) useful
D) non-transferable

Answers

Answer:

useful

Explanation:

i got it from USA test prep

Peter Samuels owns and manages his single-member LLC that provides a wide variety of financial services to his clients. He is married and will file a joint tax return with his spouse, Amy. His LLC reports $300,000 of qualified business income, W–2 wages of $120,000, with qualified property with an unadjusted basis of $75,000. Their taxable income before the QBI deduction is $285,000 (this is also their modified taxable income). Determine their QBI deduction for 2019.

Answers

Answer:

$60,000

Explanation:

Since Peter's taxable income before the QBI is $285,000, he can claim the maximum QBI deduction. The current phase out starts at $326,600 for married filing jointly or $163,300 for single filers.

Maximum QBI deduction = 20% x qualified business income (QBI) = 20% x $300,000 = $60,000

in which situation would a savings bond be the best investment to eam interest

Answers

You can use Socratic and it helps just so you don’t have to wait as long

Looking at your Personal Fact Sheet, do you see any areas that may need improvement? In which areas do you have the most room for growth? How could you bolster those areas?
(Careers Class)

Answers

A person fact sheet is a sheet that itemizes the facts about various areas of your life.

How do you evaluate your Personal Facts?

Having looked at the various areas of your life as itemized in the Personal Fact Sheet, you can identify areas that need improvement. An example could be as follows:

Academic performanceQuality of Impact on societyQuality of Education.

Having identified the areas that need improvement, you can look at the various ways of improving them such as:

Becoming more committed to your goalsReaching out for mentoringManaging your time more effectively.

For more about personal fact sheets, see the link below:

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how do you the accounting equation​

Answers

Answer:

1. Assets = Liabilities + Owner Equity.

2. Liabilities = Assets - Owner Equity.

3. Owner Equity = Assets - Liabilities.

Carlos worked 40 hours last week. His hourly rate is $9.14. What did he earn last week

Answers

Answer:

367.2

Explanation:

IM NOT SURE IF ITS CORRECT

Answer:

365.6

Explanation:

9.14 X 40

This option in the Help tab allows you to view options and shortcuts when using a screen reader.

Accessibility
Contact Support
Feedback
What's New

Answers

Answer:

Accessibility

Explanation:

I took a test and 100% got it correct so you can trust me

Have a great day!

Answer: The answer is Accessibiliy, because i took this test and i got this answer right!!

Explanation:

have great day.

What is improved oven? in your own words.

Answers

Answer:

improved oven means improved cooking

i like peopel but people dont like me so what do i do i woulder why so can so who can help me please because no one wants to so please help me.

Answers

Well, if there is a certain person you’re after maybe take it slow and try to find things you have in common. Both in friendly and romantic situations it’s good to understand each other and not overstep boundaries. Be friendly, don’t lie to them, encourage them. But don’t let them walk over you, you have to be your own person as well, people like originality and unique things. Show them something new, something that you like, but listen to them when they talk about their interests, it’s a back and forth thing. It should be 50/50. You give, they give. You listen, they listen. Hope this helps!! ☆*:.。. o(≧▽≦)o .。.:*☆

Qualified Business Income (QBI) Deduction (LO 4.10)Rob operates a small plumbing supplies business as a sole proprietor. In 2018, the plumbing business has gross business income of $421,000 and business expenses of $267,000, including wages paid of $58,000. The business sold some land that had been held for investment generating a long-term capital gain of $15,000. The business has $300,000 of qualified business property in 2018. Rob's wife, Marie, has wage income of $250,000. They jointly sold stocks in 2018 and generated a long-term capital gain of $13,000. Rob and Marie have no dependents and in 2018, they take the standard deduction of $24,000.The income threshold for QBI limitations starts at $315,000 for married filing jointly taxpayers.a. What is Rob and Marie's taxable income before the QBI deduction?$b. What is Rob and Marie's QBI?$154,000What is Rob and Marie's QBI deduction?$** Please give explanation and not just the answer. Thank you! **

Answers

Answer:

a. What is Rob and Marie's taxable income before the QBI deduction?

Rob and Marie's taxable income = Marie's wages + long term capital gains - standard deduction = $250,000 + $13,000 - $24,000 = $239,000

b. What is Rob and Marie's QBI?

QBI = total business income - total business expenses = $421,000 - $267,000 = $154,000

What is Rob and Marie's QBI deduction?$

the maximum possible QBI deduction is 20% of the QBI, but it starts to phase out if the couple's other income is more than $315,000 (currently the phase out threshold is a little higher $326,600). Since their taxable income is lower than the threshold, they can deduct the maximum amount = $154,000 x 20% = $30,800

what is a Graphical user interference (GUI)?

Answers

Answer: A graphical user interface (GUI) is a type of user interface through which users interact with electronic devices via visual indicator representations.

Explanation:

Answer:

A  Graphical user interface is used for people to use to interact with an electronic device's vias visual indicator representations.

Hope this helps :)

When shopping for your interview clothes, some trade-offs you face include: whether to get a job or not. choosing one brand of clothing over another. choosing one type of clothing over another. time and money that could be used on other things. The opportunity cost of buying new clothes is: time off from watching TV. the choice of what to wear. the choice of where to shop. money that could be spend elsewhere. The benefit of buying new clothes is: feeling better and having more confidence. learning about clothing options. being able to discard old clothes. finding the right sized clothing.

Answers

Answer:

time and money that could be used on other things

money that could be spend elsewhere.

feeling better and having more confidence

Explanation:

Trade off is the sacrifice that must be made in order to carry out a certain activity. By deciding to go shopping, i would be sacrificing time and money.

Opportunity cost is the cost of the next best option forgone when one option is chosen over other options.

The opportunity cost of buying new clothes is what I could have used the money to do instead

The benefits of buying new clothes are the advantages i would derive from owning the clothes

True or false:
Global marketing strategies are essential for 21st century businesses.

Answers

Answer:

true

Explanation:

Its an easier way to get your cash

:)

A study is being conducted on the number of people who frequent a certain breakfast buffet and how often they visit the buffet during a six-month period.

Complete the statements based on the information.

The individuals in the study are
.

The variable in the study is
.

Answers

Answer:

The individuals in the study are people who visit the breakfast bufftet.

The variable in the study is the number of times a peraon visits the buffet in six months.

The Complete statements based on the given information, “A study is being conducted on the number of people who frequent a certain breakfast buffet and how often they visit the buffet during a six-month period.” are:

The individuals in the study are people who visit the breakfast buffet.

The variable in the study is the number of times a person visits the buffet in six months.

What is information?

Information is data that helps in analyzing a situation or an event or anything which can be calculated, measured, and analyzed. Information can be in any form such as in form of numbers, facts, figures, analyses, statements, and so on. in today’s era of information technology, information is considered the new fuel which is driving the whole world at the same time.

Learn more about the information here:

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Madeline Rollins is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now, Madeline is living at home and works in a shoe store, earning a gross income of $1,100 per month. Her employer deducts a total of $240 for taxes from her monthly pay. Madeline also pays $150 on several credit card debts each month. The loan she needs for chiropractic school will cost an additional $210 per month.

Answers

The remaining part of the question reads;

Calculate her debts payments-to income ratio with and without the college loan. (Remember the 20 percent rule.) (Enter your answers as a percent rounded to 2 decimal places.)

Answer:

Debts payments-to income ratio without college loan = 35%

Debts payments-to income ratio with college loan = 50%

Explanation:

Remember, the debt-to-income ratio is calculated by summing all the monthly debt payments and then divide by the gross monthly income. Madeline's monthly debts without college loan =  $240 + $150 = $390.

Madeline's gross monthly income = $1100.

Debts payments-to income ratio = 35% (390/1100 *100)

Madeline's monthly debts with college loan = $240 + $150 + $210 = $600.

Madeline's gross monthly income = $1100.

Debts payments-to income ratio = 50% (600/1100*100).

Please help ASAP will give 25 points.

What would happen to the document if the change “A” is pointing to was accepted?

a. The selected sentence would be inserted.

b. The comment would be deleted.

c. There would be no changes.

d. The selected sentence would be removed.

Please select the best answer from the choices provided
A B C D

Answers

Answer:

c

Explanation:

cuz dahvvhjfjhasjvgdvdsGHGhgdyhhgvlkmn,vzcnfdmndmdfnbdfbhcdhjcbcbdbnf

What are the equilibrium price and quantity of yo-yos?
Price Qd Qs
$1 100 10
$2 80 35
$3 60 60
$4 40 85
$5 20 110

Answers

3 dollars as qd =qs no surplus or shortage

Lucinda works for a city fire department. She is creating a podcast about first-responder safety for firefighters. Which phrase best describes the purpose of her podcast?

Answers

Answer:

(C) To discuss measures to improve safety.

Explanation:

This is the actual answer on your business English course. Happy cheating :)

Answer:

to discuss measures to improve safety

Explanation:

Margaret is a nun. She teaches world religions at the local high school and students often describe her as someone they can talk to without feeling judged. They also say she really seems to understand the difficulties of a teenager. Which qualifications most likely help Margaret get those reviews?


ability to provide spiritual guidance, and social awareness


knowledge of a specific religion, and critical thinking skills


research skills, and knowledge of psychology


knowledge of counseling strategies, and organizational skills for planning activities

Answers

Answer:

the ability to provide spiritual guidance and social awareness.

Explanation:

The most likely qualifications that the nun has are the ability to provide spiritual guidance and social awareness. Being a nun means that Margaret has experience in providing spiritual guidance, this gives the students a sense of calm and non-judgmental advice to help them navigate through their struggles. At the same time, Margaret most likely has a high level of social awareness from being surrounded by hundreds of students every day. This allows Margaret to see the everyday issues that these teenage students are facing on a daily basis which helps her understand and come up with special guidance for certain scenarios.

Answer:

A

Explanation:

You have decided to continue on with licensing your business to a firm in India. Much to your surprise, the Indian government has announced that it intends to enact local content law requirements. How will this impact the production of your products?

Answers

Answer:

You are not supposed to be allowed to import solar kits through India.

Explanation:

By laws requiring a predetermined reserve marketplace of providers for foreign operators to purchase from, local sourcing laws therefore will inevitably establish circumstances that are favorable to corruption and fraud. That was because regulations on local content enable businesses to use the very goods as well as products manufactured throughout the home economy and don't use imported products.

how much water is in a water melon plz use percentage. here is 10 points

Answers

answer:

92 percent

explanation:

watermelon contains 92 percent water and 6 percent sugar

Which management skills do managers apply to keep work schedules in check? A. technical skills B. delegation skills C. motivational skills D. organizational skills

Answers

Answer:

The answer is B. delegation skills.

Explanation:

When a boss assigns tasks to his employees, this is an example of delegation.

Answer:

The correct answer is B

Explanation:

plz mark brainliest

what is the difference between the turbo button and the victim button

Answers

turbo button: A button inside your head and heart. You press it any time you take action to improve your life or the life of others

turbo victim: A button inside your head and heart. You press it any time you give away the power you have to change your life

Which situation creates scarcity in an economy?
A. Humans and physical capital are used as factors of production when making goods.
B. Businesses disregard public needs and only supply goods that are cheap to make.
C. Citizens have more wants than they can fulfill with their available resource.
D. Governments decide to distribute goods to make sure all citizens are equal.

Answers

Option C. Citizens have more wants than they can fulfill with their available resource.

How are unlimited needs and limited resources related to shortage?

Seinfeld's economics, next to, describes the term as follows: "In essence, unlimited desire means that people can't get enough, and that there's always something they want." Rarity. "

Rarity in economics refers to the case where the demand for a resource is greater than the supply of that resource due to the finite number of resources. Rarity requires consumers to choose how best to use their resources to meet all basic needs and as many needs as possible.

Learn more about scarcity at

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rs 1-6 (Midterm) 30 pts. 1
Saved
Jenna is 22 and makes $18,000 per year. She has made some tough trade-offs and sacrifices to ensure that she is spending less than she is earning. She has a few
discretionary dollars left each month, which she keeps in her savings account. Her parents have urged her to put some of that discretionary money into a retirement
savings plan at work, but she feels she'd rather build her savings account for a safety net and will contribute to a retirement savings plan when she is earning a
higher salary. Given this scenario
Multinle Choice​

Answers

Answer:

There are no available options, but one thing is for sure, Jenna is making a mistake. Financially, Jenna is not making a wise decision. The greatest advantage of a retirement account is that your money can earn interests and grow tax free. It is really hard to match an opportunity like that specially for someone that doesn't have a lot of money.

E.g. you invest $1,000 and earn $500 but have to pay 20% in taxes, so your net return is $400. Jenna must think that it is not a significant difference, but in 40 years, it is a lot of money that you can save on an IRA account.

If she saved $1,000 in an IRA account and that money can earn 5% per year, by the time she is 62, she will have $1,000 x 1.05⁴⁰ = $7,040. Imagine if she deposits $1,000 each year during 40 years, she will have $1,000 x 120.800 (FV factor ordinary annuity, 5%, 40 periods) = $120,800. The more she can save, the more she will have once she retires.

Kay's Bridal Shoppe has 4000 shares of common stock outstanding at a price of $13 a share it also has 500 shares of preferred stock outstanding at a price of $22 a share there are 50 bonds outstanding that have a semi-annual coupon payment of $25 the Bonds mature in 4 years have a face value of $1,000 and salt at 98% of par what is the capital structure weight of the common stock

Answers

Answer:

46.43 percent

Explanation:

the capital structure weight of the common stock= Common stock value/

Preferred stock value +Common stock value+debt value

To determine the common stock= price× total shares of common stock

=(4000 shares of common stock × $13 )

=$52000

Preferred stock value= ( 500 shares of preferred stock × outstanding price of $22)=$11000

50 bonds outstanding

We have Bonds which mature in 4 years have a face value of $1,000 and salt at 98% of par , then the

98% of 1000= 98/100 ×1000=$980

Debt incurred= 50 bonds outstanding×$980

=$49000

the capital structure weight of the common stock= Common stock value/

Preferred stock value +Common stock value+debt value

= $52,000/(49000+52,000 + 11000) ×100%

=46.43 percent

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anyone know what these two questions are? the subject is scientific notation .According to island of hope, island of tears hearing stories about California caused tong ly jue to? NEED HELP ASAP!!!!! WILL GIVE BRAINLIST!!! \Use the List View feature and search 'requirements for birthright citizenship'. Select the United States of America. Which constitutional amendment established birthright citizenship in the U.S.? What does this mean? does the cell divide during the interphase the time rate of performing work is know as Consider the following case of Happy Turtle Transportation Company: Suppose Happy Turtle Transportation Company is considering a project that will require $300,000 in assets. The project is expected to produce earnings before interest and taxes (EBIT) of $55,000. Common equity outstanding will be $30,000 shares. The company incurs a tax rate of 40%. 1. If the project is financed using 100% equity capital, then Happy Turtle Transportation Companys return on equity (ROE) on the project will be 11.55% / 10.45% / 13.20% / 11.00%. In addition, Happy Turtles earnings per share (EPS) will be$ 0.99 / $ 1.10 / $ 1.21 / $0.94 / $ 1.05. 2. Alternatively, Happy Turtle Transportation Companys CFO is also considering financing the project with 50% debt and 50% equity capital. The interest rate on the companys debt will be 13%. Because the company will finance only 50% of the project with equity, it will have only 15,000 shares outstanding. Happy Turtle Transportation Companys ROE and the companys EPS will be ???? if the management decides to finance the project with 50% debt and 50% equity. 14.20% and $ 1.42, respectively 14.91% and $ 1.35, respectively 17.04% and $ 1.63, respectively 16.33% and $ 1.56, respectively 3. When a firm uses debt financing, the business risk exposure for the firms common shareholders will increase / decrease. Someone Help me with this ASAP!!!!!I In YOUR OWN WORDS, define what the Gilded Age was. * What was the cause and result of the conflict in the king Philips war HELP ME!! IT'S DUE TODAY 2) How did British policy toward the colonies change after the French and 3Indian War?a) Parliament began taxing the colonists after the war because of their war debtb) France won the war and took control over the British colonies in Americac) France won and began to fight with Spain over territory in North Americad) Parliament voted to give their colonies the freedom to develop their own country. Why are bacteria important to humans? you hear on the news that latinx immigrants are being described in bad ways by the media. How would you defend Latinx people in this country based on what you learned To show a change of season, setting, character, or action a writer often uses a ____ paragraph. A- transitional B- complexity C- sequenceplease help! Alyssa played keyboards, electric guitar, and bass. She could belt out songs so loudly that for hours afterward you could still feel the power of her voice. And as she sang, she would dance, occasionally stopping to bang out a few notes on the keyboard or rip through a solo on guitar, while her band kept the beat in the background. We had seen all of her shows at the local clubs, and if we had owned a car, we would have traveled to see her in other cities, too. We knew that certain people said that Alyssa wouldnt amount to much. Which would be the best final sentence of this paragraph? However, we felt that Alyssa was a highly accomplished performer. But we thought Alyssa was by far the best singer and dancer in town. To some, she may have been just an act, but to us, Alyssa was a rock star. Without a doubt, Alyssa was a well-rounded musician with talent. Analyze the following equation.m/16 = 19Which math step will most efficiently solve the equation?Multiply both sides of the equation by 16.Divide both sides of the equation by 16.Add 16 to both sides of the equation.Subtract 16 from both sides of the equation. What is the value of x in the equation 5.5x = 17.6?3.212.123.196.8 Where does the day start What do the three old ladies cut while Percy and Grover are waiting for the bus to be fixed? *5 pointsTheir hairTheir nailsBranchesYawn The temperature rose 2C each hour for 6 h. Use integers to find the total change intemperature