Which of the following items would NOT be recognised as a liability?
A) Advances from customers for goods and services to be delivered later
B) Warranty on products sold during the year
C) Final dividend recommended by directors,prior to the annual meeting
D) A dispute with a customer where there is some possibility that the company could lose the dispute
Correct Answer:
Verified
Q2: An employee earns $1000 a week and
Q3: As a result of some major excavations
Q4: Assume that on 1 January 2016 the
Q5: Which of the following is a liability?
A)
Q6: When unearned revenue increases:
A) cash increases.
B) an
Q7: Which of the following is NOT a
Q8: Which of the following is a liability?
A)
Q9: Which of the following is NOT a
Q10: Which of the following is NOT true?
Q11: Assume that on 1 January 2016 the
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