Question
Astaurant is being sed because a customer claims to have found a bug in her chill The company's lawyers believe there is only a remote
Astaurant is being sed because a customer claims to have found a bug in her chill The company's lawyers believe there is only a remote possibility that the lawsuit will result in an actual lability Which of the following actions should be takers by the company's management OA. The possible ability should not be shown in the financial statements O The aty should be estimated and accrued as an expense OC. The station should be described in a note to the financial statements OD expense must be matched to the period in which the incident occumed A restaurant is being sued because a customer claims to have found a bug in her chili. The company's by the company's management? A. The possible liability should not be shown in the financial statements. OB. The liability should be estimated and accrued as an expense. OC. The situation should be described in a note to the financial statements. OD. An expense must be matched to the period in which the incident occurred
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