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>
Yes, pillow lava is formed when lava erupts. This is true.
Answer:
16 km/h
Explanation:
The relay stick would have the same velocity relative to Ingrid as the velocity she threw it because she threw it while running 9 km/h and the question asks for how fast it is moving RELATIVE to Ingrid, who also started off moving at 9 km/h.
Sorry if explanation is bad, this one was a bit of head scratcher for me to wrap my head around ig.
