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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Earth rotates entirely on its axis once during this time
Earth's revolution is 365 days
The moon revolves around the Earth every 27.3 day
Answer:
history the impact of pseudoscientific idea of race on the jewesh nation during the period 1933 to 1946
During osmosis, a statement which correctly describes the movement of water across a selectively permeable membrane is: 3. Either of these descriptions is correct and equivalent.
<h3>What is osmosis?</h3>
Osmosis can be defined as a process which typically involves the movement of a solvent molecule such as water through a selectively or permeable membrane from a region of high concentration to a region of lower concentration.
This ultimately implies that, the process of osmosis can be illustrated by the movement of water into root hair cells because they are used by the plants to absorb water from the soil.
In conclusion, the movement of water of from high water concentration to low water concentration and from low solute concentration to high solute concentration are statements which correctly describes the movement of water across a selectively permeable membrane during osmosis.
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Complete Question:
Which of the answer choices correctly describes the movement of water across a selectively permeable membrane during osmosis.
1. The water will move from high water concentration to low water concentration.
2. The water will move from low solute concentration to high solute concentration.
3. Either of these descriptions is correct and equivalent.
