17. Which of the following would appear on the statement of financial position as a current liability?

	a.	a probable loss in the amount of $4 million from an ongoing lawsuit
	b.	a possible loss in the amount of $4 million from an ongoing lawsuit
	c.	a probable loss from an ongoing lawsuit, the amount of which is not yet determinable
	d.	a lawsuit for $4 million for which the likelihood of loss is remote

18. Chastain Park Entertainment paid salaries expense of $350,000 during Year 1. However, additional salaries of $20,000 had been earned by employees, but not paid or recorded at December 31, Year 1.

Refer to Chastain Park Entertainment. Under the accrual basis of accounting, what is the total amount of salaries payable to be reported at December 31, Year 1?

	a.	$0
	b.	$20,000
	c.	$350,000
	d.	$370,000