Arestaurant has been 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 be ignored
c. the liability should be estimated and recorded as an expense.
d. management should consider resigning

Your assessment tool contains rich data about child progress in language and literacy but no details to explain the differences between children. you decide to: a. replace the tool with another b. analyze the data using factors such as language, ability, and participation rates c. review your anecdotal notations regarding language and literacy development d. talk with families about what they are seeing at home

On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500

Which of the following best describes why you need to establish goals for your program?