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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5 is the answer to your question
True, because if you have glasses then the lens in them are curved and are made out of glass.
Answer:
$17.20
Explanation:
To easily get the ratio figured out between Paul, Colin and Brian, try seeing how much the ratio adds up to. With 2:3:4, there is a total of 9; so take 1/9th of 77.40 to get $8.60
You can convert these ratios to fractions, with Paul getting 2/9ths, Colin getting 3/9ths and Brian getting 4/9ths
As Brian is effectively getting double the amount of money, you can just take the amount Paul is getting in tips and use that as the reference for how much Brian is earning which is $8.60 x 2 or in this case, $17.20
I do not have the passage, but here are the meanings that the word presume can have:
- to assume something to be true without really knowing if it is true or not.
- to be arrogant about what you have.
If you want to understand the meaning of a word in the context of a passage, it is important to read the whole text so you can identify what the word specifically means in that passage.
Check similar exercises about finding the meaning of a word here brainly.com/question/10853033?referrer=searchResults
