Which of the following statements is true? the indian appropriations act of 1851 allowed white settlers to claim tribal lands as homesteaders. the indian appropriations act of 1871 meant that tribes were no longer classified as independent nations. the indian appropriations act of 1885 allowed white settlers to claim tribal lands as homesteaders. the indian appropriations act of 1889 meant that tribes were no longer classified as independent nations.

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: