Distinguish between contingent liabilities and commitments and explain why both are important in an audit. Begin by defining contingent liabilities.
Answers
A contingent liability is a possible future responsibility to an outside party for an unspecified amount arising from past activities. A commitment is a contract to bind an entity to a set of fixed conditions in the future, irrespective of what happens to profits or the overall economy.
A commitment is a pledge made by a company to third-party stakeholders and/or parties as a result of legal or contractual obligations. A contingency, on the other hand, is a company's obligation that is contingent liability on the occurrence or non-occurrence of a future event.
Understanding contingencies and commitments is critical for users of financial statements and since they portray the encumbrance of potentially significant amounts of resources in estimated future, affecting the upcoming cash flows obtainable to creditors and investors.
For more information on contingent liability, visit :
https://brainly.com/question/29870964
#SPJ4
Related Questions
After the practice being in existence for almost 5 years, Dr. Tyrone Jones Pouzar hired a market research company to analyze his market share and tell him which groups of customers were the most profitable to his group practice. Tyrone will probably use the results of this research to:__________
Answers
Answer:
It is likely that he will use the results of this research to create strategies that will improve his business management and results.
Explanation:
The results of Tyrone's company's market research will promote great strategies for his business that will optimize results and allow the entrepreneurial work to be extremely profitable. Among these strategies, we can consider that Tyrone will know its customers better and will be able to adjust the prices of products according to the opinion and standard of customers. It will also be able to adjust the offer of these products, according to the adjustment of prices and customer demand. In addition, the research will be useful for Tyrone to determine the market segments he should follow and for him to adjust his positioning strategies.
. The population growth rate tends to be higher in developed countries than in developing countries. a. True b. False
Answers
Answer:
b. False
Explanation:
According to numerous research studies and various statistics, developing countries tends to have higher population growth rates due to several factors such as lack of family planning, religious beliefs, superstitions.
While the developed countries tend to have lower population growth rates due to various factors such as social structure, economic prosperity and urbanisation and abortion rates.
Also, it has been concluded that lifestyle choices associated with economic affluence plays a major factor. This is because as mortality rates are low, birth control is easily accessible and children becoming an economic burden in the developed countries, caused by housing, education cost and other cost involved in bringing up children, people in developed countries tend to have lesser children which in turn affect population growth.
Hence, it is FALSE, that the population growth rate tends to be higher in developed countries than in developing countries.
How can newspapers help someone work with other citizens to solve problems?
Responses
They can inform people about sales on goods and services.
They can be used to help the homeless.
They can be recycled into other useful objects for a home.
They help people stay informed about issues, so people can make informed decisions.
Answers
Newspapers can help someone work with other citizens to solve problems by providing information and fostering informed decision-making.
1. Informing and raising awareness: Newspapers play a crucial role in disseminating information about various social, economic, and political issues. By reporting on local, national, and global events, newspapers help citizens stay informed about the challenges and problems that exist in their communities.
2. Educating and engaging citizens: Through in-depth reporting, investigative journalism, and analysis, newspapers provide citizens with a deeper understanding of complex problems. This knowledge empowers individuals to engage in informed discussions and debates, fostering collaboration and cooperation among citizens.
3. Advocacy and public discourse: Newspapers often serve as a platform for public debate and discussion. By publishing opinion pieces, letters to the editor, and editorials, newspapers encourage citizens to voice their perspectives on issues. This exchange of ideas can lead to the identification of innovative solutions and the building of consensus among citizens.
4. Showcasing success stories and community initiatives: Newspapers can highlight successful projects and initiatives undertaken by citizens, showcasing how they have worked together to solve problems. This not only provides inspiration but also offers practical examples and strategies that can be replicated in other communities.
5. Connecting citizens and facilitating collaboration: Newspapers can serve as a means of connecting citizens who are passionate about addressing specific problems. By featuring community events, volunteer opportunities, and contact information for relevant organizations, newspapers enable individuals to connect with like-minded people and collaborate on finding solutions.
By fulfilling these roles, newspapers become a valuable resource for citizens seeking to work together and solve problems collectively.
For more such questions on citizens, click on:
https://brainly.com/question/538715
#SPJ8
What is business permit
Answers
Answer:
A legal document that offers proof of compliance with certain city or state laws regulating structural appearances and safety as well as the sale of products.
Help please
Working to improve the working conditions in a factory is an example of
A. social justice
B. economic diversification
C. political stability
D. religious convergence
Answers
The answer is A, social justice
100 POINTS!!!! How has globalization affected North Carolina’s textile industry?
It has led to an increased demand for cotton grown in the state.
It has caused manufacturers to diversify their production.
It has led to rapid job growth in major cities across the state.
It has made it more difficult for the state to compete with foreign manufacturers.
Answers
The globalization affected North Carolina’s textile industry because it has made it more difficult for the state to compete with foreign manufacturers.
What is globalization?Globalization is the term that is used to define the alteration of human, goods, and service changes as well as money, technology, and cultural acts end-to-end the terrestrial planet.
Globalization has the impact of advancing and maximising fundamental interaction between various placements and peoples around the world.
Globalization had an impact on North Carolina's textile industry, since it has made competing with international producers more difficult.
Therefore, option D is correct.
Learn more about the Globalization, refer to:
https://brainly.com/question/901951
#SPJ2
Write a one-sentence introduction to the setting of "How I Learned English."
Answers
A sentence is a verbal expression in linguistics and grammar, as in the English example "The quick brown fox jumps over the lazy dog." It is often described in conventional grammar as a group of words that communicates a full notion or as a unit made up of a subject and predicate.
A full notion in grammar is a phrase. The subject, which can be a noun or a pronoun, and the predicate, which is a verb, are the two parts of every sentence. A complete set of words is referred to as a sentence. It has a capital letter at the start and a full stop at the conclusion. There is always a finite verb present. A sentence can be a declaration, query, exclamation, or order. It has a primary sentence and one or more auxiliary clauses.
Learn more about the Sentence here:
https://brainly.com/question/27752686
#SPJ1
What are CHLCA's?
2. Why did our ancestors leave the safety of the trees?
3. What skills were necessary for survival in the open areas of the Savanah?
4. What is the Cognitive Tradeoff Hypothesis?
Answers
CHLCA is an acronym that stands for Complex Human-landscape Cultural Adaptations. Below are the answers to the four questions:
1. CHLCA's refer to Complex Human-landscape Cultural Adaptations. They are the result of an interplay between cultural, environmental, and demographic factors.
2. Our ancestors left the safety of the trees for several reasons. One of the primary reasons was to find food. As the climate changed, the forests began to thin out, and our ancestors had to leave the safety of the trees to find food and shelter in the grasslands. Another reason was to protect themselves from predators. By standing on two legs, our ancestors could use their arms to carry weapons, build shelters, and make fire.
3. The skills necessary for survival in the open areas of the Savannah included the ability to track and hunt animals, the ability to make and use tools, and the ability to work together in groups.
4. The Cognitive Tradeoff Hypothesis states that as our brains evolved to become larger and more complex, we sacrificed some of our physical abilities. This is because larger brains require more energy to operate, and our bodies have a limited amount of energy available.
Therefore, our ancestors had to make tradeoffs between their physical and cognitive abilities.
For more questions on: Cultural Adaptations
https://brainly.com/question/28045069
#SPJ8
2.1.b Explain the meaning of an organisational procedure relating to debriefing.
Attach files
Save
Answers
Answer:
Organisational Debriefing: Organisational Debriefing is a process in which staff within or across organisations communicate their experiences of how their organisational operated during an emergency (eg response, transition and/or recovery), an exercise or other activity so that lessons can be identified.
Explanation:
hope this helps :))
What opportunities does the executive order create for citizens and the government?
Answers
Executive orders create opportunities for both citizens and the government by allowing the latter to take immediate action on pressing issues. This can result in improved access to government services, increased protection of rights and liberties, and the expansion of economic and educational opportunities for citizens.
Executive orders create opportunities for both citizens and the government in several ways:
For Citizens :
Access to new or improved government servicesIncreased protection of rights and libertiesExpansion of economic and educational opportunitiesFor the government :
Ability to take immediate action on pressing issuesFacilitation of interagency cooperation and coordinationImproved efficiency in delivering services to citizens.To learn more about Executive orders :
https://brainly.com/question/11407725
Answer:b
Explanation: I jus know
The invisible man reading practice questions
Answers
Part A: Sinister , Part B: "calle," "regul," "me"
Part A: Sinister
The first sentence of paragraph 1 in the passage from The Invisible Man helps to evoke a sinister setting. The description of the stranger's arrival in February, on a wintry day with biting wind and driving snow, sets a chilling and foreboding atmosphere. The mention of it being the last snowfall of the year further adds to the sense of finality and impending darkness. These details create a sense of unease and anticipation, suggesting that something mysterious or ominous is about to unfold.
Part B: "calle," "regul," "me"
In the opening sentence, the bubbles before the words " calle ," " regul ," and "me" support the answer to Part A, which is "sinister." The word "calle" suggests a cold and harsh environment, reinforcing the ominous tone. The word "regul" hints at a regular or consistent occurrence of unfavorable conditions, further emphasizing the bleakness of the setting. Lastly, the word "me" implies the presence of the stranger in this unsettling setting, implying a potential threat or disturbance. Collectively, these highlighted words contribute to the overall sense of a sinister and foreboding setting in the passage.
For more such question Sinister
https://brainly.com/question/30985704
#SPJ11
The complete question may be like:
Now answer Numbers 1 through 15. Base your answers on the passage
from The Invisible Man.
Which adjective best describes the setting that the first sentence of paragraph 1 helps to evoke?
Part B
Fill in the bubbles before three highlighted words in the opening sentence that best support the answer to Part A.
what do you think of global warming
Answers
Answer:
The heat is melting glaciers and sea ice, shifting precipitation patterns, and setting animals on the move. Many people think of global warming and climate change as synonyms, but scientists prefer to use “climate change” when describing the complex shifts now affecting our planet's weather and climate systems.
which best describes why georgia receives its consitution
Answers
Answer:
To make it better suit the state's needs
Explanation:
Provide a clear explanation of the relationship of the three spheres SCIENCE SOCIETY AND TECHNOLOGY
in the figure below by showing concrete example and how they interact or relate each other. (e.g. Penicillin, What is the Science and Technology behind? How does this impact society?)
Answers
The relationship between science, society and technology is essential for the development and improvement of knowledge and quality of life.
What is scientific progress?It is the deepening of knowledge, that is, it is the result of a collective and continuous research, made possible by the collaboration of more people in an investigation, and in the use of technology as an instrument to reach the objectives.
As an example of the impact of science, we have the discovery of penicillin, the first known antibiotic that revolutionized medicine and made it possible to cure previously deadly diseases.
Therefore, the interaction between science and technology is positive and helps in the development of all spheres of society.
Find out more about scientific method here:
https://brainly.com/question/17274244
• Which medium did you like better, and why?
Answers
Do you believe the United Nations System is enough to meet the global challenges affecting Micronesia including climate change and socio-economic challenges?
Answers
Yes , I believe that the United Nations System is enough to meet the global challenges affecting Micronesia including climate change and socio-economic challenges.
Why did I believe that the United Nations System is enough to meet the global challenges affecting Micronesia?The United Nations is an international organization is capable to do this because they set up to gives better living standards and human rights.
It was founded in 1945 to promote security and relationship among nations and this will help to effect the changes above.
Learn more about United Nations System on:
https://brainly.com/question/16689991
#SPJ1
What does the timeline suggest as a reason why the French supported the Americans during the Revolutionary War?
Answers
Still smarting from its defeat in the Seven Years' War and the loss of colonies around the world, including much of Canada, France regarded America's uprising as an opportunity for vengeance—and to re-establish part of its own empire at the expense of the British.
What exactly is the Revolutionary War?As tensions grew between the people of Great Britain's 13 North American colonies and the colonial administration, which functioned as the British crown's agent, the Revolutionary War (1775-1833), also known as the American Revolution, erupted.
Why did the American Revolution begin?
It was a long succession of occurrences. Beginning with the French and Indian War. During the French and Indian War, Britain protected and fought with the colonists. Britain was already in debt from previous wars, and British engagement in the French and Indian War compounded that debt. Britain felt it was only right that the colonists assist pay off the debt. As a result, the colonists were forced to pay British-imposed taxes. Other acts and taxes were enacted by Britain, which some colonists opposed.
Learn more about the revolutionary war with the help of the given link:
brainly.com/question/1466912
#SPJ9
Base your answer on the map below, which shows a portion of southwestern United States. On January 17, 1994, an earthquake occurred with an epicenter of Northridge, California. Of the cities shown on the map, explain why Oakland was the last city to receive P-waves from this earthquake.
Answers
According to the map, it can be inferred that Oakland was the last city (on the map) to receive the earthquake waves because it is further from the epicenter where the earthquake occurred.
What is the epicenter of an earthquake?The epicenter is a term that refers to the point on the surface of the earth where the waves of an earthquake are produced. In other words, this point is the origin of the waves that produce a seismic movement.
We should not confuse this concept with hypocenter, this concept refers to the area inside the earth's crust where the seismic movement originates.
Why does Oakland receive earthquake waves late?Based on the information in the image, it can be inferred that Oakland receives the latest earthquake waves because it is the furthest city from the earthquake epicenter (Northridge). From this image it can be concluded that Bakersfield and San Diego receive the earthquake waves first and then Oakland due to being closer to the epicenter.
Learn more about earthquakes in: https://brainly.com/question/1296104
#SPJ1
Which of the following was an unintended result of Upton Sinclair’s The Jungle?
Laws were passed to ensure workplace safety.
Laws were passed to ensure food and drug safety.
Laws were passed to restrict the subjects muckrakers could explore.
Laws were passed to permit harmful food and drugs.
Answers
As a result of Upton Sinclair publishing "The Jungle," there was an unintended consequence that Laws were passed to ensure food and drug safety.
The Jungle by Upton Sinclair
Showed the dangers faced by workers in the meatpacking industry Led to laws about workplace safetyMr. Sinclair wrote the piece to draw attention to the plight of workers but after reading the piece, the government decided that they should go a step further and protect the integrity of food and drugs.
In conclusion, laws about food and drug safety were not the intention of Upton Sinclair but were still good.
More on "The Jungle" at https://brainly.com/question/3090746.
Answer: laws were passed to ensure food and drug safety is correct.
Explanation:
renata's therapist uses the technique of distraction to help her deal with anxiety and asks her to count to 200 by 13s when she feels herself becoming anxious. from this scenario, it can be inferred that renata's therapist practices
Answers
The given scenario suggests that Renata's therapist practices cognitive therapy on her to help her deal with anxiety.
Cognitive therapy is a method through which the patient is allowed to express all their emotions and feelings and then the therapist analyzes the behavioral state of the patient to determine if they face stress or pain like condition. It is proven that counting numbers help the mind to calm down and relax. Cognitive therapy helps us with certain methods which pose challenge the negative thoughts which our mind feels and overrides them with more realistic, empathetic and positive thought processes. It basically changes our thought process by healing the condition which produces anxiety over time.
Learn more about cognitive therapy at:
brainly.com/question/30039388
#SPJ4
What happens in presidential primaries ?
Answers
In presidential primaries public voting occurs when participants meet in a public space to argue for or against a particular candidate. Whoever has the most supporters at the end of the race wins.
What function does the presidential primary system serve?To choose delegates who will support their preferred presidential candidate, people now take part in primaries or caucuses in 48 states. At national party conventions, the presidential candidate who receives the most support from state delegates is declared the winner.Public voting occurs when participants meet in a public space to argue for or against a particular candidate. Whoever has the most supporters at the end of the race wins.Party members cast their ballots in state primaries for the candidate they want to stand in their place in the general election. Both the Democratic and Republican major parties hold national conventions to choose their presidential nominees after the primaries and caucuses.To learn more about presidential primaries refer to:
https://brainly.com/question/680176
#SPJ4
What is a worldview? Define what the term “worldview” means. Use descriptive phrases to support your definition. Use and cite content from at least one or two sources to define the term.
Answers
Worldview is the perception of the world including values by an individual.
What is world view?Worldview can be described as general overview of an individual opinion.
It is based on how an individual perceives or the knowledge an individual or group has about the society.
Therefore, world view includes our expectations and perception of the world including values.
Learn more on world view here,
https://brainly.com/question/25758899
The main means of traveling for the Olmec civizantion were.
Answers
Answer: they had moved there for trade.They had liked the jewels that where there.
Explanation:
What advantages did Portugal have in discovering new lands and sailing routes? Select all that apply.
That's right
Questions
answered
20
Time
elapsed
00 21 11
HR MIN SEC
Challenge
Stage 1 of 2
Get 6 of 8 correct
Need a break?
Answers
Answer:
challenge stage 1 of 2
Get 6 of 8 correct need a break
plzzzzzzzzzzzzzzžzzzzzzz zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Answers
Answer:
Hope this helped (✪‿✪)ノ
Explanation:
The Earth's biomes are categorized into two major groups: terrestrial and aquatic. Terrestrial biomes are based on land, while aquatic biomes include both ocean and freshwater biomes.
please hellpppWhich body below is today based on equal representation?
The Senate
The Supreme Court
The Cabinet
The House of Representatives
Answers
Answer:
The Senate
Explanation:
During the summer of 1787, the delegates to the Constitutional Convention in Philadelphia established equal representation in the Senate and proportional representation in the House of Representatives.
state three media responsibilities in a democracy
Answers
The three major responsibilities of the media in a democracy is to gather and publish the news that is true, provide a forum of debate and to increase the public awareness.
What are some of the roles and responsibilities of the media in a democracy?Media has the primary responsibility to provide the information to the public so that they can make their own decisions.
It must ensures that the news and information provided should be true, reliable and non-biased. It should be related to current situation prevailing in the world in order to keep the people update about it.
Media holds a position of surveillance in a democracy that inform citizens about the good and bad news.
Learn more about the media responsibilities here:-
https://brainly.com/question/11408224
#SPJ1
Mushrooms are multicellular living organisms. What do cells of mushrooms need to
function?
A. The cells of mushrooms need water and a way to eliminate wastes.
B. The cells of mushrooms need water, but they do not need a way to
eliminate wastes.
C. The cells of mushrooms need a way to eliminate wastes, but they do not
need water.
D. The cells of mushrooms do not need a way to eliminate wastes, and they
do not need water.
Answers
Answer: A
Explanation:
Andrew Jackson was elected the 7th president, serving from 1829-1837. He was elected as a "common man" has directly appealed to the mass population. When he left the presidency in 1837, he left which of the following political parties vigorous and well-organized?
A.
Communist
B.
Whig
C.
Democratic
D.
Federalist
Answers
Answer:
C. Democratic
Explanation:
Andrew Jackson, who was elected the 7th president, served from 1829-1837.
He was a popular candidate during the elections as he directly appealed to the masses and was a democrat.
When he left the presidency in 1837, he left the democratic political parties vigorous and well-organised.
17. By how much is (3/4+¹/12 + 2/3) greater than 1? (NCEE1977 Q 39)
Answers
Answer:
1: This is a math question.
2: The answer is 1 1/2
Explanation:
9/12 + 1/12 + 8/12 = 18/12 =1 6/12 = 1 1/2
pls mark smartest with the crown