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.
<h3 />
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>
Answer:
What is the electron configuration of sulfur in the ground state?
Therefore the sulfur electron configuration will be 1s22s22p63s23p4. The configuration notation provides an easy way for scientists to write and communicate how electrons are arranged around the nucleus of an atom. This makes it easier to understand and predict how atoms will interact to form chemical bonds.
They would most likely display better stress resilience
Answer: less than the number exhibiting a variant near the middle value.
16.6666666666666666666666666666666666666666666666666666666666666666666666