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Indicate with an "X" Whether Each Description Results in the Reporting

question 89

Essay

Indicate with an "X" whether each description results in the reporting of a definitely determinable liability,an estimated liability or neither on the company's balance sheet.Assume a December 31,2011 yearend.
Indicate with an  X  whether each description results in the reporting of a definitely determinable liability,an estimated liability or neither on the company's balance sheet.Assume a December 31,2011 yearend.

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Definitions:

Capital Investment

The purchase of goods or services by a firm to add to its fixed assets to increase its capacity or efficiency in producing goods or services.

Consumption

The use of goods and services by households, one of the major components of an economy’s gross domestic product, indicating economic health and consumer confidence.

Term of a Bond

The length of time until a bond's maturity date, when the principal amount of the bond is due to be paid to the bondholder.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, that lenders charge borrowers for the use of their funds.

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