Joe's Co.filed suit against Michaels, Inc., seeking damages for copyright violations. Higgins' legal counsel believes it is probable that Higgins will setti the lawsuit for an estimated amount in the range of $100,000 to $200,000, with all amounts in the range considered equally likely. How should Higgin report this litigation? Multiple Choice As a liability for $100,000 with disclosure of the range As a liability for $150,000 with disclosure of the range As a liability for $200,000 with disclosure of the range, As a disclosure only. No liability is reported For companies in Texas, which of the following is not an employer payroll cost? Multiple Choice FICA taxes. O Federal and state unemployment taxes. O Federal and state income taxes Employer contributions to a retirement plan, Moe's Electric sales vacuum cleaners with a one-year warranty to fix any defects. For the current year, 200 vacuums have been sold. By the end of the year 12 ovens have been repaired for an average cost of $45 dollars. Management estimates that 8 more vacuums of the 200 sold will need to be repaired next year at the same amount. How much should Paul's Electric report warranty expense for the current year