Scroll down to complete all parts of this task. Chester Company has the following contingencies: Athreat of expropriation exists for one of its manufacturing plants located in a foreign country. Expropriation is deemed to be reasonably possible. Any compensation from the foreign government would be less than the carrying amount of the plant. Potential costs exist due to the discovery of a safety hazard related to one of its products. These costs are probable and can be reasonably estimated . One of its warehouses located at the base of a mountain could no longer be insured against rock-slide losses. No rock-slide losses have occurred. Select from the option list provided the correct answer for each question below. Each choice may be used once, more than once, or not at all. ---- Question Answer E 1. How should Chester report the threat of expropriation of assets? 2. How should Chester report the potential costs due to the safety hazard? 3. How should Chester report the noninsurable rock-slide risk? 4. One of Chester's largest business units deals exclusively in commodity metals, such as copper and gold. Recent global economic conditions have resulted in high volatility in both the price and supply of these metals. 5. During routine internal control testing Chester's internal audit function discovered that an executive assistant has been taking the loose change in petty cash. 111