Multiple Choice
An employee of Susann Inc. failed two drug tests. The employee has sued and Susann Inc.'s. lawyers appropriately believe that, at best, it is only reasonably possible that Susann Inc. will lose the court case. The proper accounting treatment of the lawsuit will
A) increase earnings per share.
B) increase the debt/asset ratio.
C) decrease the current ratio.
D) not affect the debt/equity ratio.
Correct Answer:
Verified
Correct Answer:
Verified
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