Is limited liability the same as "no liability"?

Q: ratio by paying payable to Steve Young. At July 1, 2025, the balance sheet of Young Company was as…

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A: The time period balanced scorecard (BSC) refers to a strategic control overall performance metric…

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Q: 7. 8. Debt Ratio 9. Equity Ratio Working Capital ons

A: Ratio analysis means where different ratio of various years of years companies has been compared and…

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A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…

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A: Statement of cash flows: It is a financial statement that shows the increase or decrease in the cash…

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A: Introduction: The journal entry is used to record information about transactions that occur…

Q: tps://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%…

A: CASH BUDGET  Cash Budget is estimated receipts and expenses for a definite period, which usually…

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Q: What reporting options related to business combinations are available for private companies

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Q: How many types of Riba, explain each with examples

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A: Present value represents the current market price of the future value of the project. It estimates…

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Q: sume you have just found out you are entitle lling to take today in exchange for the future:

A: Answer : Future value = Present value * (1 + rate) ^Time Rate = 18% Time = 19 years

Contingent Liabilities and Provisions

A contingent liability can be defined as a liability the occurrence of which is dependent upon the happening of an uncertain future event. It is generally recorded in the books only when the amount of liability can be reasonably estimated and the contingency is likely to occur shortly.