The task of a crisis management team is to mitigate conflict. A crisis management team is effective when crisis is preemptively identified and scenarios for resolution are in place. A crisis management team should promptly acknowledge crisis to employees and shareholders.
Answer:
March 31, 2020
Explanation:
The accrual accounting principle states that you must record transactions in the accounting periods in which they occur, and the conservatism principle states that revenues should only be recorded when the earning process has been substantially completed.
In this case, only March 31 fulfills both requirements, since the goods were delivered on that day: same accounting period + earning process completed.
Answer:
(a) The Vasquez construction is the principal, the surety is the party that underwrites the contract and local school board is the obligee.
(b) If Vasquez fails to finish the contract, then the surety will be required to pay for the loss suffered by the obligee due to the contract failure.
(c) In a surety bonds contract, the surety has a legal right to get back the losses from the principal.
Explanation:
Solution:
(a) Under a performance bond contract, the owners assures that the work will be completed within a specific time frame and contract specification.
In this example given, the Vasquez construction is the principal, the surety is the party that underwrites the contract and local school board is the obligee.
(b) If the Vasquez construction fails to complete or finish the contract, then the surety will be obliged to pay for the loss suffered by the obligee due to the failure of the contract.
(c) In a surety bond contract, the surety has a legal right to recover the losses from the principal. for this later on, the surety can recover it's loss from the principal.
Answer:
The offer of Grays head living arrangement in November 2016 Qualifies for the 121 exclusion. Under the arrangement of the demonstration, none of dark's Realized Gain of $ 148000 Recognized.
Grey can select to Forgo the 121 Exclusion, right now/her perceived increase is $1,48,000 making this political decision to swear off this political decision is useful in light of the fact that dim is anticipating selling his new head habitation inside year and a half and the acknowledged addition is wanted to be bigger than $148,000.
Answer:
d. Over time
Explanation:
The interest revenue will be recognize over time, regardless of the payment
If we only recognize revenue at payment due, if the bank client doesn't paid then we cannot recognize the accrued interest receivable.
We will recognize over time.
