What are the correct action to be taken in the financial statement for the following items

1. How should a contingent liability in a companys financial statement if the likelihood of a transfer of economic benefits to settle, it is remote?
2. The company gives warrantees on its products. The companys statistics showthat about 60% of sales give rise to a warranty claims.
3. The company has guaranteed the overdraft of another company. The likelihood of a liability arising under the guarantee is assessed as possible.
4. ABC Ltd is being take to court by a customer who had an accident in her building on 1 April 2019. The customer says that the accident was the fault of ABC Ltd and is claiming damages of $150,000.

Lawyers have advised that the chance of ABC Ltd losing the case and having to pay damages partly. The lawyers fees are estimated at $15,000. Note: indicate the amount

5. Beauty Saloon makes fairness cream and has suffered some bad publicity as a result of a customer claiming to have lost her complexion due to using the fairness cream.

The customer launched a court action in December 2019 claiming damages of $7000. Beauty Saloon lawyer has advised her that the most probable outcome is that the saloon has to pay the customer $4000. (3 marks) Note; Indicate the amount