Gomez corporation, a manufacturer of household paints, is preparing annual financial statements at december 31, 2011. because of a recently proven health hazard in one of the paints, the government has clearly indicated its intention of having gomez recall all cans of this paint sold in the last six months. the management of gomez estimates the recall would cost $800,000part a- what accounting recognition if any should be accorded this situation? part b- how would your answer change to part a if 70% of the paint cans were sold before 12/31/2011 and the remainder were sold after 12/31/2011 but before the financial statements were issued on 3/5/2012.part c-how would your answer change to part a if the health hazard was only alleged (but not yet probable) when the 2011 financial statements were published.

Shereen has accidentally overdrawn her checking account this month. , she has a little money in savings and can cover costs for now, but she has to find a way to reduce her monthly spending. which strategy will not shereen reduce her monthly expenses?

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?

Which term best fits the sentence? is the process of reasoning, analyzing, and making important decisions. it’s an important skill in making career decisions. a. critical thinking b. weighing pros and cons c. goal setting