Define a loss contingency and give two examples that almost always are accrued

Question 1 Define a loss contingency and give two examples that almost always are accrued.       Question 3. (TCO 4) what are some examples of accelerated cost allocation methods? What is the rationale for using an accelerated method? (Points: 28)     Question 7. 7. (TCO 7) Our company issued callable bonds on January 1, 2011. The price of the bonds was $207,020, and the face value of the bonds is $200.000. Interest is paid semiannually. The cash interest payment at 6/30/2011 was $7,000. Interest expense for the 6 months ended June 30, 2011, was $6,211. Which is the annual stated interest rate on the bonds? (Points : 6)        3.5%        6%        7%        None of the above   Question 10. 10. (TCO 8) On December 31, 2013, our company signed a lease for some equipment having an eight-year useful life. The lease payments are made annually, beginning at the signing date. Title does not transfer to us, so the equipment will be returned to the lessor on December 31, 2020. There is no bargain purchase option. In this situation, our company (Points : 6)

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