Americans regained faith in the banks after president roosevelt signed the
emergency banking relief act into law because the act
(1 point)
a. allowed only healthy banks to remain open, so people believed that banks that passed the act's requirements really were sound.
b. gave people the right to withdraw all their money at any time without a penalty or waiting period
c. authorized the federal government to immediately deposit $1 billion in banks to guarantee peoples' deposits.
d. required the federal government to pay back in full the customers of any bank that failed.

The following legal claims exist for m. finger co. identify the accounting treatment for each claim as either (a) a liability that is recorded or (b) an item described in notes to its financial statements. 1. m. finger (defendant) estimates that a pending lawsuit could result in damages of $1,250,000; it is reasonably possible that the plaintiff will win the case. an item described in notes to its financial statements. a liability that is recorded. 2. m. finger faces a probable loss on a pending lawsuit; the amount is not reasonably estimable. a liability that is recorded. an item described in notes to its financial statements. 3. m. finger estimates damages in a case at $3,500,000 with a high probability of losing the case. an item described in notes to its financial statements. a liability that is recorded. the amount that m. finger co. should record in its accounting records related to these suits is: