Which statements are not true? a. transaction fees might include a fee when you use the card to obtain a cash advance, when you fail to make a payment on time, or when you go over your credit limit. b. a "variable rate" plan means that the rate you pay will be based upon a political indicator they will explain in the agreement. c. a credit card is an arrangement for you to "go into credit" in order to get the item that you want. d. under the fair credit and charge card disclosure act, you have the right to comparison shop different cards' conditions.

The following legal claims exist for m. finger co. identify the accounting treatment for each claim as either (a) a liability that is recorded or (b) an item described in notes to its financial statements. 1. m. finger (defendant) estimates that a pending lawsuit could result in damages of $1,250,000; it is reasonably possible that the plaintiff will win the case. an item described in notes to its financial statements. a liability that is recorded. 2. m. finger faces a probable loss on a pending lawsuit; the amount is not reasonably estimable. a liability that is recorded. an item described in notes to its financial statements. 3. m. finger estimates damages in a case at $3,500,000 with a high probability of losing the case. an item described in notes to its financial statements. a liability that is recorded. the amount that m. finger co. should record in its accounting records related to these suits is: