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Question 9 1 pts Which of the following situations does not necessitate recognizing a liability for Company X? Company X hasn't yet paid its employees

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Question 9 1 pts Which of the following situations does not necessitate recognizing a liability for Company X? Company X hasn't yet paid its employees who have earned salaries totaling $100,000 during the most recent pay period. Company Xborrows $500,000 from a bank on a one-year note with a 10% interest rate. Company X is sued by a group of consumers that claim the products caused them to get sick, claiming damages of $100,000 O Company X purchases $100,000 in raw goods from Company E and promises to pay within 60 days Question 10 1 pts An asset is associated with which of the following? (check all that apply) decreased cash inflows decreased cash outflows increased cash inflows increased cash outflows

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