Bosey Inc. designs and sells sound equipment. Engineers notified management in December 2019 of a technical flaw in a loud speaker that can potentially cause fire. Further investigation indicates that a product recall is probable, estimated to cost the company anywhere between $1 million to $2 million. If management reports this contingent liability, how much should management report in Bosey's 2019 income statement?

Balances for each of the following accounts appear in an adjusted trial balance. identify each as an asset, liability, revenue, or expense. 1. accounts receivable 2. equipment 3. fees earned 4. insurance expense 5. prepaid advertising 6. prepaid rent 7. rent revenue 8. salary expense 9. salary payable 10. supplies 11. supplies expense 12. unearned rent

In most states, a licensee must provide a(n) of any existing agency relationships to all parties

Read the following scenario and answer the question in 5-10 sentences. you are the owner of a small business that is a defendant in a lawsuit in federal court. you received bad news from your lawyer that the judge did not allow certain documents to be admitted as evidence in court and that the jury reached a $50,000 verdict in favor of the plaintiff. your lawyer tells you that it is within your legal right to hire him to file an appeal with the united states court of appeals. if the appellate court rules in your favor, you may be able to avoid paying part or all of the $50,000. evaluate your lawyer’s suggestion about appealing the decision.