When a country specializes in producing a product, overproduction can occur. what do nations do with the extra products?
a) throw the product away
b) sell the product to others
c) keep the product in storage
d) donate the product to charity

Laws that cover individuals who are injured by a product

No renewable resources are natural resources that are limited in supply and cannot be replaced as quickly as they are used.(true or false asnwering) a.true b.false

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: