(c) Thimble Companys manufacturing process creates excess bits of metal scrap (called offal) that Thimble ships monthly to scrap dealers for disposal. During October, Thimble collects the offal from the factory, and on December 20, 2017 places it in storage bins in a warehouse to await shipment. On December 26 a large rainstorm floods the warehouse and washes most all of the offal into a stream. The stream flows into land owned by Dosch Brewery (DB), which uses water from the stream to make its premium ale. Thimble management believes the offal washed into the stream, knows the stream flows into DB land, and knows DB uses stream water to make its ale. Management does not know how DB filters its water before brewing the ale, and is therefore unsure whether the filters will keep the offal out of the ale. Thimble management decides not to tell DB of the event as of December 31.

What types of assertions would management potentially make about the above event in 2017sfinancial reports? Explain fully in a few sentences.