Rock Music Inc. (RMI), a public corporation, supplied all the sound and lighting equipment for an outdoor concert on July 24, 2021. One of the

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Rock Music Inc. (RMI), a public corporation, supplied all the sound and lighting equipment for an outdoor concert on July 24, 2021. One of the light stands collapsed and several concert goers suffered minor injuries. The injured partiers sued RMI for $200.000. On the advice of their lawyers, it is only possible that RM is at fault, but if found guilty in court, would need to pay between $10,000 and $180,000 with payouts equally likely. What will the company recognize or disclose in the financial statements at year-end? Contingent liability note disclosure Provision of $180,000 Contingent Liability of $95,000 Provision of $10,000 Compensatory stock options were granted to executives at Crocodile Corporation on January 1, 20x5. These options vest on December 31, 20x7. The stock options lapsed on December 31, 20x8. Compensation expense should be recognized in the income statement in which of the following years? A 2005 B: 20x6 O A, B and C A only No compensation expense should be recognized OA, B, C and D