Answer:
a. Freeman estimates that it is reasonably possible but not likely that it will lose a current lawsuit. Freeman's attorneys estimate the potential loss will be $4,500,000.
- Describe the situation in a note to the financial statements.
Since the event is possible but not likely, it should be disclosed in the footnotes of the financial statements.
b. Freeman received notice that it was being sued. Freeman considers this lawsuit to be frivolous.
Since this is a frivolous lawsuit, there is no need to disclose it.
c. Freeman is currently the defendant in a lawsuit. Freeman believes it is likely that it will lose the lawsuit and estimates the damages to be paid will be $75,000.
- Record an expense and a liability based on estimated amounts.
Since the negative outcome is probable and you were able to quantify your losses, you must record the expense for $75,000 and include the amount as a current liability.
Explanation:
it's D because I'm just making this longer so I can post it thank you and good bye
Answer:
visibility.
Explanation:
In this scenario, Josh is a technological expert who has carved a niche for himself in working with advanced broadband systems. Thus, Josh is one of the most high-profile figures due to his expertise at his work at Takemodo Telecommunications, one of the world’s leading technology companies.
Josh has his picture on the cover of magazines and his name popping up in several blogs all over the Internet.
This ultimately implies that, Josh has a high degree of visibility, which gives him influence over others.
Visibility simply means being famous and well known to many people across the world on several communication and media channels.
Answer:
Explanation:
so u want the definition of what?
Answer:
The answer is E.
Explanation:
Market efficiency is the degree to which market prices shows all available and relevant information at the same time. And market react react quickly to new information.
If markets are efficient, then all information is already incorporated into prices and possiblity of beating the market is eliminated. In this market, there are no undervalued or overvalued securities available. So an efficient market should also able to earn the appropriate risk-adjusted rate of return
