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Question 4 Portions of this note disclosure have been simplified and modified for academic purposes CN as at December 31, 2019, the maximum potential liability
Question 4 Portions of this note disclosure have been simplified and modified for academic purposes CN as at December 31, 2019, the maximum potential liability under these guarantee instruments was $742 million (2018 - $707 million), of which $681 million (2018 - $659 million) related to other employee benefit liabilities and workers' compensation and $61 million (2018 - $48 million) related to other liabilities. The guarantee instruments expire at various dates between 2020 and 2022. One of the companies with a $100 million guarantee has defaulted on its debt your treasury department has suggested that there is a 22% loss. You are the CFO and write any journal entry you deem necessary and justify your decision. Question 4 Portions of this note disclosure have been simplified and modified for academic purposes CN as at December 31, 2019, the maximum potential liability under these guarantee instruments was $742 million (2018 - $707 million), of which $681 million (2018 - $659 million) related to other employee benefit liabilities and workers' compensation and $61 million (2018 - $48 million) related to other liabilities. The guarantee instruments expire at various dates between 2020 and 2022. One of the companies with a $100 million guarantee has defaulted on its debt your treasury department has suggested that there is a 22% loss. You are the CFO and write any journal entry you deem necessary and justify your decision
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