Rob put his time and energies into his job as a stockbroker, often working twelve or more hours a day, and usually working on weekends. he has been very successful and, by the age of 45, has already amassed what amounts to a small fortune. although he continues to put in long hours at work, he is beginning to feel dissatisfied and bored with his life. according to erikson's theory, rob is probably facing the psychosocial conflict of and is likely to develop

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: