2. Al-safa Industries is being sued by Ali a former employee for wrongful termination. It is probable that Al-Safa will lose the case and be ordered to pay Ali a significant sum of money. If the company fails to report this information somewhere in its financial statements, is it violating GAAP? if so what concept is violated? 3. In a bid for Bir Zeit University to build a hospital several bidders conspire to split contracts, between them thereby ensuring that each gets a certain amount of the work, what type of corruption scheme is this? 4. Salma is a hair stylist at Jaffa Salon. The salon's policy states that stylists receive 50 percent of the revenue they generate as their compensation. Salma grew tired of sharing her income with the salon and decided she wanted to make more money. She continued seeing her existing clients at the salon, but when new clients called for an appointment, Salma lied and told them the salon was completely booked for the next few months. She then offered to come to their homes and cut their hair for 10 percent less than what the clients would be charged at the salon. She did not report the house call appointments to the salon, and was therefore able to keep all the income she generated from these side clients. This is an example of what type of scheme? 5. Ahmad works as a city councilman in large city in the West Bank. As part of his duties, he negotiated the purchase of some land in order to build a new water treatment plant for the city. The land was sold to the city by Mahmoud for terms that were favorable to the city. After the sale was finalized, Mahmoud treated Ahmad and his wife to an all-expenses-paid dead sea in Jordan. This type of fraud is known as