Chapter 13

Chapter 13 - Chapter 13 compensated vacation, holiday,...

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Chapter 13 compensated absences vacation, holiday, illness, or other personal activities for which a company pays its employees contingency an existing condition, situation, or set of circumstances involving uncertainty as to a possible gain (a “ gain contingency ”) or loss (a “ loss contingency ”) that will be resolved when a future event occurs or fails to occur current liabilities obligations of a company that it expects to liquidate by using existing current assets or creating other current liabilities within one year or the normal operating cycle, whichever is longer expense warranty accrual method a company recognizes the estimated warranty expense and a liability for future performance in the period of sale indirect guarantee an agreement requiring one company to transfer funds to another entity if specified events occur whereby (1) the funds are legally available to creditors of the other entity, and (2) those creditors may enforce that entity’s claims against the company under the agreement
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Chapter 13 - Chapter 13 compensated vacation, holiday,...

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