Contingent liabilities are potential obligations that may arise from past events and whose existence depends on uncertain future events. These liabilities are disclosed in the notes to financial statements if they meet certain criteria, but they are not recognized in the financial statements. Under the accounting principles, recognition of a liability in the financial statements requires that the liability meets the definition of a liability, the amount of the liability can be reliably measured, and it is probable that an outflow of resources will be required to settle the obligation. Contingent liabilities are not recognized in the financial statements because they do not meet the criteria for recognition.
A cylindrical tank has a radius of 7 meters and a height of 24 meters. A cone is placed inside the tank such that it touches the bottom and the sides of...
Perimeter of a square is equal to the perimeter of a circle that is 704 cm. Find the ratio of the side of the square to the radius of the circle.
A cylindrical tank of 28 cm base radius is partly filled with water. How many bullets of 1cm radius of iron is added in it in order to increase the wate...
The circumference of a circle is given as 220 m. What is the area of the circle? [Use π = 22/7]
If the angles of a triangle are in the ratio of 3:4:5, what is the value of the smallest angle?
The length of the diagonal of a rectangle is 26 cm, and one side is 10 cm. The area of the rectangle is:
In the given figure, a circle is inscribed in Δ PQR, such that it touches the sides PQ, QR and RP at points D, E, F, respectively. If the lengths of th...
The sum of length, breadth and height of cuboid is 25cm.If the length of the diagonal is 15 cm, then find the total surface area of the cuboid. (in cm <...
The perimeter of a rectangle of length 2(x + 6) cm and breadth 2(x + 5) cm is double the perimeter of a square of area 361 cm². Find the area of the re...
The volume and height of a cylinder are 6600 cm3 and 21 cm. Find the radius of the cylinder.