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7.5 Corporate Disclosures of Measurement Uncertainty Beginning in Q4 2015, several food safety incidents were reported involving Chipotle Mexican Grill, Inc. (CMG). Locate Chipotles 2018

7.5 Corporate Disclosures of Measurement Uncertainty Beginning in Q4 2015, several food safety incidents were reported involving Chipotle Mexican Grill, Inc. (CMG). Locate Chipotles 2018 Form 10-K and describe how the company describes its methods for estimating its contingent liability associated with its various food safety legal proceedings.

Describe how this disclosure supports the accrual for such losses in Chipotles financial statements, and describe how this disclosure meets the Codifications requirements for loss contingency disclosures.

Next, look up the SECs Dear CFO Letter (2010) on loss contingency disclosures, aimed at improving transparency in public companies loss contingency disclosures. Does this disclosure appear to satisfy the SEC guidance in that letter? Explain.

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