Question 4 of 5 Which statement best completes the diagram?
?
The United States and
Mexico have close ties.
A. The United States and Mexico have similar levels of economic
development
B. The United States and Mexico agree on immigration policy.
C. The United States and Mexico participate in wars all over the
world.
D. The United States and Mexico have signed free trade agreements.

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: