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xxMikexx [17]
3 years ago
15

Your company was recently served with a lawsuit quizlet.

SAT
1 answer:
zlopas [31]3 years ago
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.

<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.

<h3 />

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

<em>brainly.com/question/17895474</em>

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Match the text quotation with the sense to which it most appeals.
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The correct senses and quotations are:

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  • Appealing - Invocation.
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<h3>Definition of terms </h3>

A person who is described as having largesse is one who is quite generous with their money. A voluble person on the other hand tends to talk a lot.

When there is discordance it means that there is some form of conflict. An invocation is an appeal for something to be done. A polygamous organism has multiple mates.

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What is a benefit of starting retirement saving early
Hitman42 [59]

The benefit of starting retirement saving early is that your money that  is saved or invested for longer is one that has more time to grow.

<h3>What is the benefit to saving early for retirement?</h3>

The more a person invest and the earlier they start it, the better your retirement savings will be and also one will have a lot of more time and the money will have potential to grow.

Hence, The benefit of starting retirement saving early is that your money that  is saved or invested for longer is one that has more time to grow.

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