In accordance with GAAP, the action you should take when the company was served with a lawsuit is to provide a disclosure on financial statements regarding the pending litigation.
<h3>What is GAAP?</h3>
GAAP means Generally accepted accounting principles which is a accounting standards that guides the details, complexities and legalities of accounting.
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In conclusion, the action you should take when the company was served with a lawsuit is to provide a disclosure on financial statements regarding the pending litigation.
Missing word"The outcome of the litigation will not be determined for several months, but it could result in a materially large settlement to be paid by your corporation. According to GAAP, what action should you take?"
Read more about GAAP
<em>brainly.com/question/17895474</em>
At the bottom of the circle, the ball is being pulled upward by tension in the rope and downward by its own weight, so that the net force on it is
∑ F = 450 N - (0.75 kg) g = (0.75 kg) a
where a is centripetal acceleration. At this maximum tension, the ball has a maximum centripetal acceleration of
a = (450 N - (0.75 kg) g) / (0.75 kg) = 590.2 m/s²
Then its maximum tangential speed v is such that
a = v² / (1.0 m)
⇒ v = √((1.0 m) a) ≈ 25 m/s
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Answer:
A. property risk
Explanation:
Jeannine is protecting herself against property risk. This type of risk applies to events that directly affect the individual's property in any way and could not have been avoided/prevented. This includes fires, floods, weather, and natural disasters, terrorist attacks, etc. If such an event occurs and damages your property, an insurance policy that covers property risk would cover your damages up to the value stated in the policy. However, this does not cover damages caused by mistakes made on your behalf such as damages when remodeling or parties thrown, etc.
