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HW #6.xlsx - 1 Lawsuit against Clinch Corporation No loss...

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1 Lawsuit against Clinch Corporation No loss is predictable and is not reasonably certain 2 Lawsuit against Foster Company Foster Company should not record a current liability. To be safe and without going into troubles once the note 3 Lawsuit against Shevlin Company Shevlin should disclose the items by providing a foot note. There is a chance for the occurance of liability but 4 Lawsuit against Sloan Company Slaon company should show the items in balance sheet as a warranty liability where they can show the expen
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e is signed they would need to record the liability on account the exact amount cannot be estimated nse in the income statement. The reason so is that costs are estimable but not exact
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A Current maturities and its treatments in financial statements PepsiCo`s current maturity of $6,450MM will affect its solvency. They can reduce the debt by either refinancin However, if they use the operating cash to pay the debt it will remain with an estimate of 30% of operating ca B
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