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>
I don’t think I can help you with this but I hope you get the answer, have a nice day!
I would say A because the author explains on how masculine he looks and how tough he is but then it switches to him showing his affection for his wife and how he is actually soft inside.
Of course I can be wrong but hey I've never took the SAT's before