This amount would have to be recorded as not accrued in the circumstance that he is defending against a lawsuit.
<h3>What is a lawsuit?</h3>
A lawsuit is an action brought by one or more parties in a civil court of law against another party. Only a limited number of laws from long ago that are still in force include the phrase "suit in law."
The most frequent reasons to "sue" an employer are discrimination, harassment, wrongful termination, and workplace injuries, whether accusations are made or a lawsuit is filed directly. More information about each sort of claim is provided below.
Read more on lawsuits here:brainly.com/question/25389760
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required: Indicate the amount Erismus would record as an asset, liability, or not accrued in the following circumstances
Erismus is defending against a lawsuit. Erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000.
Answer:
8 years
Explanation:
the rule of 72 calculates how long it takes for an amount to double given interest rate
72 / 9% = 8 years
Answer: If the door handle is hot or warm that means there is a fire on the other side. But you shouldn’t open a door during a fire only open it if there is no other way to escape and open it slowly cause fire needs oxygen to grow bigger.
Explanation:
Answer: The basic tendencies in personality are in the following case:
1. Carol
2. Devon
and the characteristic adaptions are as follows:
1. Bob
2. Lauren
3. Jeanne
Explanation: Characteristic adaptions are the changes in the behavior with the change in situational demands based on skills and roles. It includes the motives, plans, goals, strategies,values, developmental tasks, etc. It represents the psychological core of the individual.
Traits theorists believe that personality can be studied on the basis of habits, trend or characteristics. Trait theory of personality says that the personality is based biologically.
