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
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Answer:
A
Explanation:
College and career planning
The answer to this question is 22.
It’s either A or E most scientist try to come up with a logical explanation when it comes to nature and why it happens in nature I’m going to say it’s E because they can’t just have a final answer there more and likely going to come up with a rational person explanation
.........what i think......
