Answer:
measured in terms of the probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events.
Explanation:
According to my research on financial accounting terms, the term liability is defined as the state of being legally responsible for something (dept such as auto or student loans). When a liability is first recorded it is measured in terms of the probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events. Basically calculating the amount of future payments that need to be made by the dept owner.
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Answer: False
Explanation:
In both the first and second years, firms in country A undertook FDI projects of $20 billion in country B. This means that Country A had FDI outflows of $20 billion in those two years not inflows. Inflows are what happens when the FDI is coming into the country.
Country B on the other hand, was receiving money from country A. Country B therefore had FDI inflows of $20 billion in each of the two years and not outflows like Country A had.
Answer:
$337.50
Explanation:
Given that
Three year insurance policy = $1,350
So, the insurance expense on an annual basis would be
= Three year insurance policy ÷ number of years
= $1,350 ÷ 3 years
= $450
For April 1 to December 31, the months is 9 months
So, for 9 months, it would be
= $450 × 9 months ÷ 12 months
= $337.50
We assume the premium is paid on April 1
