enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. Contingent liability - Wikipedia

    en.wikipedia.org/wiki/Contingent_liability

    In accounting, contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event [1] such as the outcome of a pending lawsuit. These liabilities are not recorded in a company's accounts and shown in the balance sheet when both probable and reasonably estimable as 'contingency' or ...

  3. IAS 37 - Wikipedia

    en.wikipedia.org/wiki/IAS_37

    IAS 37 establishes the definition of a provision as a "liability of uncertain timing or amount", and requires that all the following conditions be fulfilled before a provision can be recognized: the entity currently has a liability as a result of a past event; an outflow of resources is likely to be needed to settle the liability; and

  4. Liability (financial accounting) - Wikipedia

    en.wikipedia.org/wiki/Liability_(financial...

    Current liabilities are obligations whose liquidation is reasonably expected to require the use of current assets, the creation of other current liabilities, or the provision of services within the next year or operating cycle, whichever is longer. Long-term liabilities – these liabilities are reasonably expected not to be liquidated within a ...

  5. International Financial Reporting Standards - Wikipedia

    en.wikipedia.org/wiki/International_Financial...

    Whilst the standard on provisions, IAS 37, prohibits the recognition of a provision for contingent liabilities, [23] this prohibition is not applicable to the accounting for contingent liabilities in a business combination. In that case the acquirer shall recognise a contingent liability even if it is not probable that an outflow of resources ...

  6. Government debt - Wikipedia

    en.wikipedia.org/wiki/Government_debt

    Most governments have contingent liabilities, which are obligations that do not arise unless a particular event occurs in the future. [2]: 76 An example of an explicit contingent liability is a public sector loan guarantee, where the government is required to make payments only if the debtor defaults.

  7. DJT stock climbs after Trump says he will not sell shares - AOL

    www.aol.com/finance/djt-stock-climbs-trump-says...

    At current levels of around $32 a share, Trump Media boasts a market cap of about $7 billion, giving the president-elect a stake worth around $4.2 billion. "There are fake, untrue, and probably ...

  8. Provision (accounting) - Wikipedia

    en.wikipedia.org/wiki/Provision_(accounting)

    The recording of the liability in the entity's balance sheet is matched to an appropriate expense account on the entity's income statement. In U.S. Generally Accepted Accounting Principles (U.S. GAAP), a provision is an expense. Thus, "Provision for Income Taxes" is an expense in U.S. GAAP but a liability in IFRS.

  9. 10 Extra-Easy Dinner Recipes To Turn To Post-Holiday

    www.aol.com/10-extra-easy-dinner-recipes...

    Check out our pasta alla Gricia, our baked spaghetti, or any number of our other weeknight pasta dishes. Tired of poultry after too many post-turkey naps to count? Give our cube steak , our pot ...

  1. Related searches contingent liability is a current property that requires a credit check

    contingent liability statementcontingent liability definition