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Unformatted text preview: o How much liability did airlines face after Sept. 11? Ex. loss will be $1 bil. To $3 bil. range Required to use low end of range, $1 bil., on B/S Write extensive footnote o Co. X had following contingent losses: $2 to $4 bil. As analyst, what amount would you consider putting in ratios? • $4 minus $2 bil. Equals $2 bil. Added to ratios • The other $2 bil. (the low estimate) would already be there...
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- Spring '11
- Balance Sheet, $1, Bil, Liability recognition criteria