Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. v show time remaining contingent liabilities shoul

V Show Time Remaining Contingent Liabilities should be recorded in the financial statements it. A....

80.2K

Verified Solution

Question

Accounting

image
V Show Time Remaining Contingent Liabilities should be recorded in the financial statements it. A. The contingent event is probable. OB. A reasonable estimate of the loss can be made. C. The contingent event is likely D. Both A and B. Reset Selection Mark for Review What's This? Part 22 of 24.022 Question 22 of 24 4 Points On December 31, 2020, Zipper Co. owes Peter's Painting 5700 for painting that Pete did in December 2020. Pete has not yet billeduper Co Whaton entry or any does inper need to make on December 31, 20207 A Dr. Cash $700 Accounts Payable $700 Bor Unearned Revenue 5700 Cr. Painting Revenue $700 C. Dr. Painting Expense $700 Cl. Accounts Payable 3700 D. No entry needed Go . 6

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Prepare general journal entries without explanations to record the following transactions Jan 1 Sold merchandise to Kelly...

Statistics
1.2K views

PLEASE EXPLAIN. THANK YOU! DataActivity 1. A random sample of 36 skeletal remains from females was taken from...

Advance Math
1.2K views

Find the biggest “*prime gap” (see definition) from the prime numbers between 1 and 1,000,000. *Prime gap...

Chemistry
1.2K views

What role do you think light plays in electron movement? Since light also functions as a...

Electrical Engineering
1.2K views

Use the 74LS138 , to design an address decoder that will place 8K by 16bit...

General Management
1.2K views

Which of the five conflict styles is most difficult for you to implement?  Why? How do you feel when...

Statistics
1.2K views

Let p and q represent the following statements p She lifts weights q She does...

Statistics
1.2K views

The following data was calculated during a study on weight loss Interpret the p value...

Algebra
1.2K views

5 3x 2 x 4

Accounting
1.2K views

Oklahoma Manufacturing Company uses a standard cost accounting system. In 2012, the company produced 28,300...

Accounting
1.2K views

Fontana Manufacturing provided the following information for the month ended March 31 $26.000 8000 13,500...

Accounting
1.2K views

Cullumber Corporation sells three different models of a mosquito zapper. Model A12 sells for $53...