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Vlad1618 [11]
1 year ago
7

Erismus is defending against a lawsuit. Erismus's management believes the company has a slightly worse than 50/50 chance of even

tually prevailing in court, and that if it loses, the judgment will be $1,000,000.
Business
1 answer:
OlgaM077 [116]1 year ago
4 0

This amount would have to be recorded as not accrued in the circumstance that he is defending against a lawsuit.

<h3>What is a lawsuit?</h3>

A lawsuit is an action brought by one or more parties in a civil court of law against another party. Only a limited number of laws from long ago that are still in force include the phrase "suit in law."

The most frequent reasons to "sue" an employer are discrimination, harassment, wrongful termination, and workplace injuries, whether accusations are made or a lawsuit is filed directly. More information about each sort of claim is provided below.

Read more on lawsuits here:brainly.com/question/25389760

#SPJ1

required: Indicate the amount Erismus would record as an asset, liability, or not accrued in the following circumstances

Erismus is defending against a lawsuit. Erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000.

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3 years ago
Cameron has a small graphics design business that specializes in customizing social websites. The business is growing; however,
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$1,000 par value bond pays interest of $35 each quarter and will mature in 10 years. If your nominal annual required rate of ret
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Answer:

$1,115.58

Explanation:

Calculation to determine how much should you be willing to pay for this bond

Using this formula

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Where,

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Therefore how much should you be willing to pay for this bond is $1,115.58

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