Dr. Johnson wanted to see the percentage of students in her school who had
used drugs. She asked all the honors classes to fill out a survey. She might
not get accurate results because she needs:
O
A. a random sample.
O
B. more students to participate,
O
c. to ask students to return the survey only if they wish.
O
D. to ask students who have used drugs before,
SUBMIT

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: