Loading
Home › Math Help › Your boss has just asked you to write a short note to one...
Status: Completed
 View Work

Your boss has just asked you to write a short note to one of his clients that had expressed some concerns about the difference between liabilities that are of an unknown amount versus contingent liabilities. The client is in the midst of a lawsuit with a governmental agency that its attorney thinks has about a 50–50 chance of winning. However, if the company loses, it could cost a substantial amount of money. The client is wondering if it needs to account for the lawsuit, and if so, how? Requirement 1. Write a note to the client explaining the difference between a liability of an unknown amount and a contingent liability. Also, make a suggestion as to how this particular situation might need to be accounted for. Excerpt From: Kemp, Robert, Jeffrey Waybright. Financial Accounting, 4th Edition. Pearson, 2017. [p. 452].

Date Posted: 06/12/2020
Category: Math
Due Date: 08/12/2020
Instruction
Your boss has just asked you to write a short note to one of his clients that had expressed some concerns about the difference between liabilities that are of an unknown amount versus contingent liabilities. The client is in the midst of a lawsuit with a governmental agency that its attorney thinks has about a 50–50 chance of winning. However, if the company loses, it could cost a substantial amount of money. The client is wondering if it needs to account for the lawsuit, and if so, how? Requirement 1. Write a note to the client explaining the difference between a liability of an unknown amount and a contingent liability. Also, make a suggestion as to how this particular situation might need to be accounted for. Excerpt From: Kemp, Robert, Jeffrey Waybright. Financial Accounting, 4th Edition. Pearson, 2017. [p. 452].
Attached
No File uploaded yet.
Tutor Uploads
Download File 1 (docx)
Bidders
Elitetutor 5 years, 9 months ago
Rated 9.64 earned 236597.12 around 8110 assignments.
Hello, Consider hiring me to do your assignment. I work fast, pay close attention to the instructions, and deliver a plagiarism-free paper. My price is also negotiable to accommodate your budget. Talk to me. Thank you.
$30.00
  • Hello I am an expert in maths I guarantee an A for this assignment.
    Elitetutor | Dec 06, 2020, 13:57 PM
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[0] $}

{$ showNewChatSuccessMsg[0] $}
Unable to send Message: {$ showChatProcessErrorMsg[0] $}
 
 
profjoseph 5 years, 9 months ago
Rated 9.35 earned 54108.42 around 1732 assignments.
Hi Comrade,I currently don't have any project I am working on, can I assist you to do this assignment?. I will deliver it on time. Thanks in advance!
$33.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[1] $}

{$ showNewChatSuccessMsg[1] $}
Unable to send Message: {$ showChatProcessErrorMsg[1] $}
 
 
Prof1990 5 years, 9 months ago
Rated 9.52 earned 54153.62 around 1785 assignments.
Hello I am an expert and a proficient tutor in this field. I have vast experience and I can assure you of an A grade in this assignment. I deliver timely and plagiarism-free papers with impeccable grammar. Please choose me to do your assignment and enjoy my excellent services.
$30.00
  • Hello I am an expert and a proficient tutor in this field. I have vast experience and I can assure you of an A grade in this assignment. I deliver timely and plagiarism-free papers with impeccable grammar. Please choose me to do your assignment and enjoy my excellent services.
    Prof1990 | Dec 06, 2020, 14:55 PM
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[2] $}

{$ showNewChatSuccessMsg[2] $}
Unable to send Message: {$ showChatProcessErrorMsg[2] $}
 
 
responsibleturtor 5 years, 9 months ago
Rated 9.53 earned 79912.53 around 2530 assignments.
Hello, This assignment is quite engaging and I cannot hide my enthusiasm for completing it. If you appreciate precise and deep-cutting arguments that go beyond general knowledge, please award me this assignment.
$30.00
  • This discussion question was due yesterday what is the status
    User_23064 | Dec 09, 2020, 20:43 PM
  • hello dear, i did the discussion yesterday, i just forget to upload
    responsibleturtor | Dec 09, 2020, 21:26 PM
  • am very sorry for the lateness, i will upload it right a way
    responsibleturtor | Dec 09, 2020, 21:27 PM
  • Hello friend, the assignment is ready as promised, kindly review it, make payment and recommend me in the site. let me know when you have a new assignment. thank you
    responsibleturtor | Dec 09, 2020, 22:45 PM
  • are u available
    User_23064 | Dec 10, 2020, 15:08 PM
  • I just posted 2 assignments
    User_23064 | Dec 10, 2020, 15:13 PM
  • Hello
    responsibleturtor | Dec 10, 2020, 15:36 PM
  • Am available
    responsibleturtor | Dec 10, 2020, 15:36 PM
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[3] $}

{$ showNewChatSuccessMsg[3] $}
Unable to send Message: {$ showChatProcessErrorMsg[3] $}
 
 
highquality 5 years, 9 months ago
Rated 8.77 earned 11734.44 around 327 assignments.
Dear client, I have read and understood the task requirements and I can assure you that I will deliver a WELL-RESEARCHED and a HIGH-QUALITY paper BEFORE the deadline. In addition, I promise to deliver a 100% plagiarism-free paper that meets all your expectations. Kindly assent to my bid. Thank you in advance
$30.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[4] $}

{$ showNewChatSuccessMsg[4] $}
Unable to send Message: {$ showChatProcessErrorMsg[4] $}
 
 
superbwriter 5 years, 9 months ago
Rated 8.96 earned 12951.63 around 482 assignments.
I am a COMPETENT, RELIABLE and COMMITTED writer. I always adhere to the given instructions so as to deliver a PERFECT PAPER that will attract EXCELLENT GRADES. Please pick me for timely and QUALITY work FREE FROM PLAGIARISM. Thanks
$30.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[5] $}

{$ showNewChatSuccessMsg[5] $}
Unable to send Message: {$ showChatProcessErrorMsg[5] $}
 
 
academicminded 5 years, 9 months ago
Rated 9.5 earned 87858.79 around 3236 assignments.
Hey, I am familiar with the prompts and can do it within a few hours. Kindly hire me
$35.00
  • Hey, I am familiar with the prompts and can do it within a few hours. Kindly hire me
    academicminded | Dec 06, 2020, 14:07 PM
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[6] $}

{$ showNewChatSuccessMsg[6] $}
Unable to send Message: {$ showChatProcessErrorMsg[6] $}
 
 
kingz 5 years, 9 months ago
Rated 9.4 earned 52183.12 around 1434 assignments.
Hello allow me to take this i can guarantee timely and an A grade work
$30.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[7] $}

{$ showNewChatSuccessMsg[7] $}
Unable to send Message: {$ showChatProcessErrorMsg[7] $}
 
 
Essaymasters 5 years, 9 months ago
Rated 8.94 earned 80799.14 around 2500 assignments.
Hello, please assign this to me and be assured of quality work which will be delivered in time. I guarantee you 100% satisfactory work ,proper formatted with NO PLAGIARISM.Thanks in advance
$30.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[8] $}

{$ showNewChatSuccessMsg[8] $}
Unable to send Message: {$ showChatProcessErrorMsg[8] $}
 
 
financeville 5 years, 9 months ago
Rated 9.22 earned 28485.23 around 697 assignments.
hello friend, let me help you with this assignment. I assure you of high quality assignment. I'm ready to start working in it right now. Your assignment is in the safest hands. I'm a professional tutor who takes nothing less than good grade. I follow all the instructions of the student to ensure i provide high quality work.
$30.00
  • let me help you friend
    financeville | Dec 06, 2020, 13:59 PM
  • are you there friend, let me help you I'm ready to help you on this assignment
    financeville | Dec 06, 2020, 14:02 PM
  • I can solve this question in five hours friend, I will send it to you ASAP
    financeville | Dec 06, 2020, 14:05 PM
  • hello friend, let me help you with the assignment
    financeville | Dec 06, 2020, 14:27 PM
  • are you there friend
    financeville | Dec 06, 2020, 14:27 PM
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[9] $}

{$ showNewChatSuccessMsg[9] $}
Unable to send Message: {$ showChatProcessErrorMsg[9] $}
 
 
WBURO 5 years, 9 months ago
Rated 9.25 earned 75605.06 around 2167 assignments.
I have read the instructions for this assignment twice and understood. The task falls within my area of specialization and this will be a good plus as I commence working on the assignment if you trust me and assign
$30.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[10] $}

{$ showNewChatSuccessMsg[10] $}
Unable to send Message: {$ showChatProcessErrorMsg[10] $}