Liabilities can be Select one: a. domestic or foreign b. definable or discoverable c. determinable or...
Liabilities can be
Select one:
a. domestic or foreign
b. definable or discoverable
c. determinable or non-determinable
d. debits or credits
Homework Answers
There are certain liabilities which may or may not occur depending on the outcome of an uncertain future event. The amount of these contingent liabilities cannot be determined with substantial accuracy. For example warranties, legal case, etc. On the other hand, there are many current liabilities, the amount of which can determined with substantial accuracy and presented on the financial statement. . For example, account payable, rent payable, etc
Answer: c. determinable or non-determinable
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Liabilities can be
Select one:
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hi why the answer is c? cn you show me how its calculated?\ Suppose the domestic interest rate is 3% and the foreign in...
hi why the answer is c? cn you show me how its calculated?\
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hi why the answer is c? cn you show me how its calculated?\
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