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Yes, a liability can be recorded even when the identity of the recipient is unknown, as long as the obligation to pay exists and its amount can be reasonably estimated. This is often seen in situations like unclaimed property or liabilities related to contingent events. The key is that the obligation must meet the criteria of being probable and measurable, regardless of the recipient's identity. Proper disclosure in the financial statements is essential to inform stakeholders of such liabilities.
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What is the differnent between a current liability for an uncertain amount and a contingent liability?
Under current liability of uncertain amount liability is created on company although actual amount is unknown but in contingent liability, liability is not created on company unless specific date or time or occurence of any contingent action or activity.
Difference between Absolute Liability and strict liability?
The distinction between strict and absolute liability can be seen by examining the issue of causation.For strict liability offenses no evidence of intent or any other mens rea is required. It is however normal for the prosecution to be required to prove causation. For example, in speeding it is necessary to prove the defendant was "driving", but not that he intended to drive faster than permitted, or even that he knew he was doing so.Just like strict liability, absolute liability offences do not require evidence of intent or mens rea. As for causation, the prosecution only has to prove that the proscribed event occurred or situation existed, then the defendant will be liable because of his status.So, in the EMPRESS CAR CASE the company was liable for the pollution of the river even though the diesel tap was turned on by an unknown stranger
Why do you use internal standards in GCMS?
For quantification of unknown analyte
What is an irregular inflow?
is the money that can not budget for each month because they are unknown cost
What would happen when you stub your toe?
You would trample everything in your path and blurt out unknown words as you scream in pain
When was Identity Unknown created?
Identity Unknown was created in 1945.
What is the duration of Identity Unknown?
The duration of True Identity is 1.55 hours.
What is the identity of the unknown cation?
What is a unknown cation
What are the ratings and certificates for Identity Unknown - 1960?
Identity Unknown - 1960 is rated/received certificates of: UK:U
What is the proper salutation for an unknown recipient?
"Dear Sir or Madam" or "To whom it may concern" when you aren't sure of the recipient's name.
What is the proper salutation for unknown recipient?
"Dear Sir or Madam" or "To whom it may concern" when you aren't sure of the recipient's name.
Who is Sofia gubaidulina?
unknown identity
What is wahi in islamiyat?
This is ''Wahi,'' the inspiration of prophets, the inspiration of the Quran. The recipient receives information from an unknown source and in an unknown way.
What is the alternative way to address a formal letter if the recipient's gender is unknown, dear sir/madam?
The alternative way to address a formal letter when the recipient's gender is unknown is to use "To whom it may concern" instead of "Dear sir/madam."
What is the appropriate way to address a formal letter to an unknown recipient, using the gender-neutral term "Dear Sir or Madam"?
When addressing a formal letter to an unknown recipient, it is appropriate to use the gender-neutral term "Dear Sir or Madam."
What is the appropriate way to address a formal letter to an unknown recipient, using the gender-neutral term "Dear Sir/Madam"?
When addressing a formal letter to an unknown recipient, it is appropriate to use the gender-neutral term "Dear Sir/Madam."
Who were brindleface's parents?
The true identity of Brindleface's parents are unknown because it is either unimportant or unknown.
