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?"
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One correct fact about the sugar tariff is that the U.S. government can sell excess sugar to ethanol producers at a significant loss. This is part of a program to protect the sugar market.
Answer:
Neil Armstrong was the first person to step on the moon on July 20, 1969. Buzz Aldrin and Neil walked around for about three hours. So, both Aldrin and Armstrong were the first, technically speaking.
Heat can be transferred in three ways: by conduction, by convention, and by radiation. Conduction is transferred of energy from one molecule to another by direct contact.
