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Unformatted text preview: The liability is both probably and capable of being reasonably estimated. 2. 2 million dollars will be left as a liability under unearned revenue and will be adjusted when the company delivers the last 2 million $ in magazine subscriptions. 3. The company should put a note in their final investor report, citing that there is probable cause of a 44.4 million $ expense, but they have appealed the decision. . 4. 4247677/5303222 = .80096. Companies should have a ratio between 1.0 and 2.0. This particular company has a ratio slightly below the average meaning it does not have a lot of liquidity. 5. Alcoa will record the environmental expenditure as a liability when they have to either by special interest groups or government groups. Alcoa affects the environment greatly; therefore, they want to limit how much they report in public documents....
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- Fall '07
- Balance Sheet, Alcoa, document ti tle