miraclesar5533 miraclesar5533

11-08-2020
Business

contestada

Which one of the following conditions is not a requirement for an item to be recorded as a liability on a company's balance sheet?
a) It involves a probable future sacrifice of economic resources by the company.
b) It reduces the market value of the company.
c) It involves a probable future sacrifice to another entity.
d) It a present obligation, arising from a past transaction or event.

Respuesta :

13-08-2020

Answer:

c) It involves a probable future sacrifice to another entity.

Explanation:

A Liability is defined by the Conceptual Framework as Present Obligation of the entity as a result of past event, the settlement of which will result in the outflow of future economic benefits from the entity.

Additionally liabilities are meant to reduce the market value of the company.

Answer Link

Otras preguntas

covered interest arbitrage (cia) transactions will result in group of answer choices unstable international financial markets. restoring equilibrium prices quic

What other places do you believe might have similar processes as the Alps.

PLEASE HELP! Read these sentences from the text. I went to my room and sat on my bed, staring at the little white envelope that my dad had given me the night be

which of the following is not one of the functions of the lymphatic system? group of answer choices help the body defend against disease calcium homeostasis abs

Julia meaured a line to be 16. 1 inche long. If the actual length of the line i 17. 1 inche, then what wa the percent error of the meaurement, to the nearet ten

(HELP, VERY IMPORTANT DUE IN 1 HOUR) A line passes through the point (-2, 4) and has a slope of -6.

sanjay has come to terms with his mortality, accepted responsibility for his existence, and knows that he determines what happens in his life. existentialists w

The mean difference of the successive squares of the first six prime numbers is A 24 D 33.6 B 24.2 C 33

Two experiments were mentioned in the talk: one that tested food preference in caterpillars, and another that tested egg-laying preferences in adult butterflies

a man who is standing has a resting systolic blood pressure of 120 mmhg at the start of his aorta. what will be the pressure in the arteries of his feet?