When should contingent liabilities be recorded?

When should contingent liabilities be recorded? Rules specify that contingent liabilities should be recorded in the accounts when it is probable that the future event will occur and the amount of the liability can be reasonably estimated. This means that a loss would be recorded (debit) and a liability established (credit) in advance of the […]

When a person is stressed responses What are they called?

When a person is stressed responses What are they called? Its built-in stress response, the “fight-or-flight response,” helps the body face stressful situations. When a person has long-term (chronic) stress, continued activation of the stress response causes wear and tear on the body. What is the body’s immediate response to stress? When the body is […]

Is Thanksgiving always on Thursday?

Is Thanksgiving always on Thursday? Here’s why Thanksgiving is always on the fourth Thursday of November. At any rate, Thanksgiving has been held on a Thursday in November since George Washington’s presidency. Washington declared a day of thanksgiving and prayer in 1789, partly to honor the new U.S. Constitution. Did anything bad happen in 1620? […]

What led to the American victory at Saratoga?

What led to the American victory at Saratoga? Benedict Arnold At best, Arnold and Gates strongly disliked each other and often argued. After the Battle of Freeman’s Farm, Gates relieved Arnold of his command. During the Battle of Bemis Heights, however, Arnold supposedly defied Gates’ order and led an assault on horseback which helped the […]

What are the two most common kinds of juries?

What are the two most common kinds of juries? There are two types of juries serving different functions in the federal trial courts: trial juries, also known as petit juries, and grand juries. What is the difference between grand jury and petit jury? The grand jury is a selection of jurors who will decide whether […]

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