321 mountain view road east hills ca 95432 jis co

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321 Mountain View RoadEast Hills, CA 95432JIS Co.:This letter serves as notice that you are being assessed a fine of $300,000 related to violations of state clean air codes that were identified on October 1, Year 1, at your manufacturing facility located at321 Mountain View Road, East Hills, CA 95432.Our follow-up inspection on December 29, Year 1, indicated that the violations were appropriately remediated, and there were no outstanding code violations at that time.Sincerely,State Environmental AgencyE-mail from ST CFO to ControllerxE-mail from CFO at Superior Tool to Controller at JIS MachineryFrom:[email protected]To:[email protected]Sent:January 13, Year 1 11:30 a.m.Subject:Loan GuaranteeController:JIS has fully guaranteed our outstanding $1,000,000 loan from First State Bank. Superior Tool has a very solid credit rating and there is no indication that we will default on our loan.
Please let me know if you have any further questions or need additionalinformation.Scroll down to complete all parts of this task.JIS Machinery Co. is reviewing accounting and disclosure requirements for its significant guarantees, commitments, and contingencies, including litigation as of December 31, Year 1. The financial statements are expected to be available to be issued February 14, Year 2.Use the information in the exhibits to determine the amount, if any, to recognize and whether disclosure is required in JIS's financial statements as of and for the year ended December 31, Year 1. Unless otherwise specified, assume that no amounts related to these guarantees, commitments, and contingencies, including litigation, have been recognized in the financial statements as of December 31, Year 1.For each of JIS's guarantees, commitments, and contingencies, including litigation, in the table below:In column B, indicate whether an accrual is required for the situation by clicking in the shaded cells and selecting a "yes" or "no" answer.In column C, enter the amount of the accrual, if any. If no accrual is required, enter a zero (0).In column D, indicate whether a disclosure is required by clicking in the shaded cells and selecting a "yes" or "no" answer.ABCD1SituationAccrualRequired forYear 1?Amount ofAccrual forYear 1?NoteDisclosureRequired forYear 1?2Product liability lawsuit3Intellectual property
In column B, indicate whether an accrual is required for the situation by clicking in the shaded cells and selecting a "yes" or "no" answer.infringement4Penalty for clean air violations5Predatory pricing lawsuit6Patent infringement7Property insurance claim8Loan guaranteeScroll down to complete all parts of this task.The following information pertains to Green Industries' defined benefit pension plan. Green Industries uses U.S. GAAP.

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