@@deancjformaranaccountinglec Reporting date: Dec. 31,2021 contigent liability (Non-current) 450,000 *The legal counsel expects the suit to be settled in 2022 and has estimated that the entity will be liable for damages in the range of 450k to 750k (sabi po kasi sa na search ko "if yung liability is likely to occur & yung amount can be reasonably ESTIMATED, the liab. should be recorded in the accounting records...) Current liability po ba ito sir? Nakakalito po sya sir.. Yung contigent diba po kasi is Non-current liability.... Pero kapag po ba maestimate sya, possible na maging current liab sya or Non-current parin po sya?
![Lecture 01: Liabilities. [Intermediate Accounting]](http://i.ytimg.com/vi/X0nS9noYeNA/mqdefault.jpg)
Thank you sir. So much respect. Ito ung mga iniintay ko na navideos. Sobrang salamat
Thankyou so much sir. It helps me alot po for my self-review. God bless po!
Welcome and thank you as well. ❤
Huhu laki talaga tulong ng vids niyo sir sakin. Salamat po super
You're welcome super also! heheheh
Thank you so much, Dean CJ!
You're welcome!
request po ng cost accounting and control lecture
Thank you po sir
welcome! Share mo na din sa iba. Thank you!
Natapos ko na po iyong IA1 HAHAHHA eto naman malalaspag 😆
Hahahaha salamat. Laspagin mo lang hanggat gusto mo 😂😂😂😂
Sir yung deferred tax liability classified/kasama po ba sya as current liability? Bakit po?
Nope. Forever syang noncurrent.
@@deancjformaranaccountinglec ahhhh ganon po pala.. Thankyou sir💙
@@deancjformaranaccountinglec
Reporting date: Dec. 31,2021
contigent liability (Non-current)
450,000
*The legal counsel expects the suit to be settled in 2022 and has estimated that the entity will be liable for damages in the range of 450k to 750k
(sabi po kasi sa na search ko "if yung liability is likely to occur & yung amount can be reasonably ESTIMATED, the liab. should be recorded in the accounting records...)
Current liability po ba ito sir?
Nakakalito po sya sir.. Yung contigent diba po kasi is Non-current liability.... Pero kapag po ba maestimate sya, possible na maging current liab sya or Non-current parin po sya?
Good Day DeanvCJ, wala po bang free ppt hehehehe
hehe, screenshot nyo n lang. Need to seek permission pa sa school para makapagbigay ng copy.