Why did colonists feel the Articles of Confederation were necessary even though the Declaration of Independence was
already written?
-
The Declaration of Independence outlined a system of government but did not specify how much power that government
could have
O The Declaration of Independence determined individual rights but did not discuss how those rights influenced others.
O The Declaration of Independence called for a federal system of government but did not plan for the role of individual
states.
O The Declaration of Independence outlined a relationship between individuals and the government but did not detail the
power and control of that government

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: