Acustomer got serious food poisoning from tasty feast restaurant on march 30, 20x2, necessitating a trip to the emergency room.
on april 5, 20x2, the customer initiated a lawsuit. at december 31, 20x2, tasty feast estimated its probable loss to be $50,000.
in january, 20x3, before issuance of tasty feast’s financial statements, a judge ruled in favor of the customer and awarded the customer $80,000 in damages.

must the company recognize the effects of this ruling in its 20x2 financial statements? explain.

When you hire an independent contractor you don't have to pay the contractors what

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk

James is an employee in the widget inspection department of xyz systems, a government contractor. james was part of a 3-person inspection team that found a particular batch of widgets did not meet the exacting requirements of the u.s. government. in order to meet the tight deadline and avoid penalties under the contract, james' boss demanded that the batch of widgets be sent in fulfillment of the government contract. when james found out, he went to the vice president of the company and reported the situation. james was demoted by his boss, and no longer works on government projects. james has a: