This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Identify each of the items below as a(n): definitely determinable liability estimated ... (Read 69 times)

rlane42

  • Hero Member
  • *****
  • Posts: 594
on: Jul 5, 2018
Identify each of the items below as a(n):
 
   definitely determinable liability
   estimated liability
 
  a. amount of warranty obligations
  b. amount owed on outstanding loans
  c. amount owed to employees for work performed
  d. amount owed to suppliers for inventory purchases
  e. amount owed for employee payroll taxes

Question 2

Maxine, Inc. bought a machine on January 1, 2010 for 24,000. The machine is expected to last for 8 years, after which it will be worthless. How much accumulated depreciation will Maxine report at December 31, 2011?
 
  A) 24,000
  B) 16,000
  C) 3,000
  D) 6,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jul 5, 2018
Answer to Question 1

a. estimated liability
b. definitely determinable
c. definitely determinable
d. definitely determinable
e. definitely determinable

Answer to Question 2

D


rlane42

  • Member
  • Posts: 594
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Endotracheal intubation. First, a lighted scope is used to identify the trachea from the esophagus. Endotracheal intubation. First, a lighted scope is used to identify the trachea from the esophagus.
Using alert labels enables the medical staff to quickly identify important information such as ... Using alert labels enables the medical staff to quickly identify important information such as ...
An example of a selection list used to identify symptoms. An example of a selection list used to identify symptoms.
How Americans Identify with Religion How Americans Identify with Religion
Testing client’s ability to identify dull sensation Testing client’s ability to identify dull sensation
Estimated times of divergence of human and Neanderthal genomic Estimated times of divergence of human and Neanderthal genomic
Video: Coronary Heart Disease

For a complete list of videos, visit our video library