Maurice Tutor

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About Maurice Tutor

Levels Tought:
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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 18 Aug 2017 My Price 5.00

Raymond Financial Services

In May of 2013, Raymond Financial Services became involved in a penalty dispute with the EPA. At December 31, 2013, the environmental attorney for Raymond indicated that an unfavorable outcome to the dispute was probable. The additional penalties were estimated to be $773,000 but could be as high as $1,176,000. After the year-end, but before the 2013 financial statements were issued, Raymond accepted an EPA settlement offer of $906,000. Raymond should have reported an accrued liability on its December 31, 2013, balance sheet of:

   

  $270,000
  $773,000.
  $906,000.
  $1,176,000

 

Answers

(5)
Status NEW Posted 18 Aug 2017 05:08 PM My Price 5.00

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