Your company was recently served with a lawsuit quizlet.

1 answer:

4 0

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.

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?"

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Assume that the graphs in this figure represent the demand and supply curves for almonds. Which panel best describes what happen

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The panel that best describes what happens in this market if there is an increase in the productivity of almond harvesters is Panel (a).

<h3>What is demands?</h3>

Demand is known to be the rate or the quantity of consumers who are known to be readily available or willing and able to buy a given products at any prices in course of a given period of time.

Note that the Demand for any commodity is one that tells that the consumers' need to get the good, their willingness also to pay for it.

Therefore, The panel that best describes what happens in this market if there is an increase in the productivity of almond harvesters is Panel (a) because it is the one among the options that tells us about the increase in productivity.

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brainly.com/question/1245771

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