Rice Corporation's attorney has provided the following summaries of three lawsuits against Rice. Lawsuit A: The loss is probable, but the toss cannot be reasonably estimated. Lawsuit B: The loss is reasonably possible, but the loss cannot be reasonably estimated. Lawsuit C: The loss is reasonably possible and can be reasonably estimated. Which of the following statements is incorrect? A disclosure note is required for lawsuit A. A disclosure note is required for lawsuit B. A disclosure note is required for lawsuit C. Lawsuit A is reported on the balance sheet as a limbo laity. Short Company purchased land by paying $10.000 cash on the purchase data and agreeing to pay $10,000 for each of the next ten years beginning one-year from the purchase date. Short's incremental borrowing rate is 10%. On the balance sheet as of the purchase date, after the initial $10,000 payment was made, the liability reported is closest to $100,000 $38, 550. $61.446. $71.446 You have been asked to compute the cash equivalent price of a machine assuring the cost (including principal and interest) is to be paid in two unequal payments after me acquisition date. Which of the following table values would be used to find the cost of the machine? Present value of a single amount Present value of an annuity. Future value of a single amount Future value of an annuity. Watson Company has provided the following data about its common stock 0. Par value is $1 per share 10.000.000 authorized shares 4.300.000 shares are outstanding 4.700.000 shares are issued How many shares of treasury stock are there? 400,000. 5, 300,000. 5, 700,000