User Account

All Pages

How does Apple explain the lack of recognition

Assignment Help Accounting Basics
Reference no: EM132880172

Problem - The contingency involves two legal cases involving Apple Inc. In the first case, a jury awarded Apple $599 million in its lawsuit against Samsung. In the second case, the jury ruled against Apple, awarding $368 million in damages to VirnetX, Inc. As of the end of fiscal 2013, Apple has recognized neither a contingent gain for the Samsung award, nor a contingent loss for the VirnetX case. How does Apple explain the lack of recognition for the contingent loss?

Reference no: EM132880172

Questions Cloud

What is the probability of an ambulance : According to the American Ambulance Association, the mean response time of an ambulance to an emergency call is 25 minutes with a standard deviation of 4.5 minu
Define organizational behavior : Define organizational behavior. Describe how different components of organizational behavior are used within an organization.
Do believe that the auditor should look : Do you believe that the auditor should look into how revenues are being generated? Do you think the auditors should have looked at the business practices
Concept of power integral part of organizational behavior : How will you influence employee retention? Why is the concept of power an integral part of organizational behavior?
How does Apple explain the lack of recognition : Apple has recognized neither a contingent gain for the Samsung award, nor a contingent loss for the VirnetX case. How does Apple explain the lack of recognition
How are current assets defined : How are current assets defined, and what are the major items that may be included in current assets? How are current liabilities defined
Systems can support or discourage teamwork : Explain, in detail, how culture, structure, and systems can support or discourage teamwork.
How much long-term debt did Kimberly-Clark repay : How much long-term debt did Kimberly-Clark repay in 2017? How much additional debt did Kimberly-Clark issue in 2017 and for what purposes
What is mattel strategy : What is Mattel's strategy? Which of the five generic competitive strategies discussed in Chapter 5 most closely fit competitive approach that Mattel is taking

Reviews

Write a Review

Accounting Basics Questions & Answers

  An economic analysis is intended to accomplish a number of

an economic analysis is intended to accomplish a number of purposes but one thing an ea does not do is make

  Gain recognized by a contributing partner because of the

a. electing large partnership rules differ from other partnership rules in all of the following areas except 1.

  At the end of year 1 the companys board of directors set a

at the end of year 1 the companys board of directors set a target for year 2 of net operating income of 140000 under

  If the number of new hires is considered the cost driver

at the todd company the cost of the personnel department has always been charged to production departments based upon

  Discuss the importance of accounting independence

Discuss the importance of accounting independence in accounting information systems. Give an example of where this concept is important.

  Compute the amortization of gain through a depreciation

Compute the amortization of gain through a depreciation adjustment for 2014 for consolidation purposes

  Analyze the effect your choices will have on the economy

The President of the United States has been elected on the promise of fiscal responsibility as a key mandate of the electorate. By law he cannot reduce the net.

  A company must repay the bank 42000 cash in five years for

a company must repay the bank 42000 cash in five years for a loan. the loan agreement specifies 7 interest compounded

  The 96 bonds were issued in 1998 at 975 to yield 10

intermediate accounting 6th ed. by spiceland - ch.14 p14-18 bradley-links december 31 2011 balance sheet included the

  How much of the proceeds would be allocated

How much of the proceeds would be allocated to the common stock?

  Total assets of 46800 net fixed assets of 37400 current

total assets of 46800 net fixed assets of 37400 current liabilities of 6100 and long term liabiities of 24600. what is

  What ethical limits managers should observe

What do you think are the ethical limits that managers should observe when taking risk with other people's moneyRisk is a major concern of almost all investor?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd