A restaurant is being sued because a customer claims to have found a bug in her chili The company's lawyers believe there is only a remote possibility that the lawsuit will result in an actual liability. Which of the following actions should be taken by the company's management?
A) The situation should be described in a note to the financial statements.
B) The possible liability should not be shown in the financial statements.
C) The liability should be estimated and accrued as an expense.
D) An expense must be matched to the period in which the incident occurred.
B
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a. intermediate-term demand planning decisions b. long-term demand planning decisions c. short-term demand planning decisions d. prolonged demand planning decisions
The account used to record amounts that will be collected from charge account customers in the future is referred to as ________.
Fill in the blank(s) with the appropriate word(s).
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a. categorical variable b. quantitative variable c. categorical or quantitative variable, depending on how the respondents answered the question d. ratio variable
An object code must be translated into source code in order for a computer to be able to read and execute
Indicate whether the statement is true or false