Union Apparel has sales including sales taxes for the month of $551,000. If the sales tax rate is 6%, what are Union Apparel's sales for the month? (Do not round intermediate calculations.) Multiple Choice $551,000. $520,111 $517,940. $519,811. United Supply has a $30 million liability at December 31, 2021, of which $6 million is payable in each of the next five years. United Supply reports the liability in the balance sheet as a: Multiple Choice $30 million long-term liability $30 million current lability $6 millon current liability and a $24 million long-term lability $24 million current liability and a $6 million long-term liability. Reeves Co. filed suit against Higgins, Inc., seeking damages for copyright violations. Higgins' legal counsel believes it is probable that Higgins will settle the lawsuit for an estimated amount in the range of $120,000 to $220,000, with all amounts in the range considered equally likely. How should Higgins report this litigation? Multiple Choice As a liability for $170,000 with disclosure of the range As a disclosure only. No liability is reported. As a liability for $120,000 with disclosure of the range. As a liability for $220,000 with disclosure of the range