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 48 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
Wow, this really help

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Unique markings identify individual humpback whales. Unique markings identify individual humpback whales.
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.
Identify the structures shown below by filling in the blanks. Identify the structures shown below by filling in the blanks.
The WISC-IV: Sample Items The WISC-IV: Sample Items
Nine labels used to identify hazardous materials in the Global Harmonization System (GHS). Top row: ... Nine labels used to identify hazardous materials in the Global Harmonization System (GHS). Top row: ...
Testing client’s ability to identify dull sensation Testing client’s ability to identify dull sensation
Video: Lactation and Breast Feeding

For a complete list of videos, visit our video library