Legal council has informed a company that a lawsuit filed against the company on a product liability claim is completely without merit and the risk of loss is remote.

Indicate the best accounting treatment:

Record as a Liability Disclose in the Notes

Neither Record or Disclose

The Environmental Protection Agency has filed a lawsuit against a company for harming the environment with toxic emissions. The company believes the loss is probable but cannot make an estimate of the loss since no claimants have come forward. In this situation, indicate the best accounting treatment: Record as a Liability Disclose in the Notes

Neither Record or Disclose

A company distributes 10,000, 25 cent coupons to customers for its product. Past history indicates that 40% of coupons distributed will be redeemed. Indicate the best accounting treatment: Record as a Liability Disclose in the Notes

Neither Record or Disclose

A customer claims to have slipped in a grocery store and sues the store for damages related to the injury, claiming negligence by the store. The stores security cameras clearly show that the customer faked the incident and as a result, the store believes they have no liability for the incident Indicate the best accounting treatment: Record as a Liability Disclose in the Notes

Neither Record or Disclose