Amazon Inc. has been sued for following three alleged infringements of law: (1) Unauthorized use of a trademark; the claim is for $100 million (2) Nonpayment of end-of-service severance pay and gratuity to 5,000 employees who were terminated without Amazon Inc. giving any reason; the class action lawsuit is claiming $3 million (3) Unlawful environmental damage for dumping waste in the river near its factory; environmentalists are claiming unspecified damages as cleanup costs (4) Legal counsel is of the opinion that not all the legal cases are tenable in law and has communicated to Amazon Inc. this assessment of the three lawsuits: (5) Lawsuit 1: The chances of this lawsuit are remote. (6) Lawsuit 2: It is probable that Amazon Inc. would have to pay the displaced employees, but the best estimate of the amount that would be payable if the plaintiff succeeds against the entity is $2 million. (7) Lawsuit 3: There is no current law that would compel the entity to pay for such damages. There may be a case for constructive obligation, but the amount of damages cannot be estimated with any reliability. Required: What should be the provision that Amazon Inc. should recognize or the contingent liability that it should disclose in each of the lawsuits, based on the assessments of its legal counsel?

Answers

Answer 1

The International Financial Reporting Standards developed standards can

be implemented to ascertain the provisions and disclosures to be made.

The correct responses are;

According to the financial reporting standard, the contingent liability that

Amazon Inc. should disclose and the provision that Amazon Inc. should

recognize, based on the legal consent are;

Lawsuit 1: It is not required to make provision or disclosure because the

probability of the lawsuit progressing is remote and therefore, the

Company will not be required to payout money or lose economic benefits.

Lawsuit 2: The likelihood of the Company having pay the displaced

employees is high however, the amount payable is $2 million, and

therefore, a provision of $2 million is required in the financial reporting.

Lawsuit 3: The Company is not legally obliged to pay for or perform the

cleanup, but based on the relationship between the Company's waste

location, the river, and the community, there is a constructive obligation,

the amount of which cannot be determined with reliability.

Therefore, there is a requirement for disclosure as a contingent liability,

and not a provision as the claim cannot be classified as a provision.

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Related Questions

Evaluate 10.5s + 9.9t when s=3 and t = 4

Answers

Answer:

71.1

Step-by-step explanation:

Answer:

71.1 is the answer

Step-by-step explanation:

What is 10 plus 5 to the 3 power minus 1? Order of operation

Answers

3374 is the answer.


Hope this helped!! :)

Step-by-step explanation:

(10+5)³-1 = 3375-1 = 3374.

What is the equation in slope-intercept form of the line that passes through the points (-4, 6) and (-2,5) ?
y=20 - 8
y=-30+4
y=-22 +4
y = -x + 8

Answers

[tex](\stackrel{x_1}{-4}~,~\stackrel{y_1}{6})\qquad (\stackrel{x_2}{-2}~,~\stackrel{y_2}{5}) \\\\\\ \stackrel{slope}{m}\implies \cfrac{\stackrel{rise} {\stackrel{y_2}{5}-\stackrel{y1}{6}}}{\underset{run} {\underset{x_2}{-2}-\underset{x_1}{(-4)}}}\implies \cfrac{-1}{-2+4}\implies \cfrac{-1}{2}\implies -\cfrac{1}{2}[/tex]

[tex]\begin{array}{|c|ll} \cline{1-1} \textit{point-slope form}\\ \cline{1-1} \\ y-y_1=m(x-x_1) \\\\ \cline{1-1} \end{array}\implies y-\stackrel{y_1}{6}=\stackrel{m}{-\cfrac{1}{2}}[x-\stackrel{x_1}{(-4)}] \\\\\\ y-6=-\cfrac{1}{2}(x+4)\implies y-6=-\cfrac{1}{2}x-2\implies \underset{\textit{slope-intercept form}}{y=-\cfrac{1}{2}x+4}[/tex]

Compute the total amount accumulated if you invested $3,000 for 6 years at 3% compounded
quarterly. Round your answer to the nearest cent and include '$' in your response.

Answers

Answer:

$3,582.16

Step-by-step explanation:

If right you get brainiest!
A little mermaid can swim 12 miles downstream in the same amount
of time she can swim 8 miles upstream. What is the little mermaid's
speed in still water if the speed of the current is 4 mph?

Answers

Answer:

20 mph

Step-by-step explanation:

time = distance / speed

speed up stream = s - 4

speed down stream = s + 4

time up = time down

8 / (s - 4) = 12 / (s + 4)

cross multiply

8s + 32 = 12s - 48

subtract 8v from both sides

32 = 4s - 48

add 48 to both sides

80 = 4s

Divide both sides by 4

20 = s

20mph

The sum of two numbers is 65. The larger number is 5 more than the smaller number. What are the numbers?

Answers

Step-by-step explanation:

the numbers : x, y

x + y = 65

x = y + 5

we use the second equation in the first equation :

y + 5 + y = 65

2y + 5 = 65

2y = 60

y = 30

x = y + 5 = 30 + 5 = 35

Answer this question fast pls

Answers

Answer:

Lemons ( 27 ) = Cups ( 9 )

Cups ( 50) = Lemons (30)

can someone heelp me plz

Answers

Answer:

1052 is MLII, 450 is CDL, 952 is CMLII, and 942 is CMXLII.

Step-by-step explanation:

For 1052, M=1000 L=50 and II= 2 and if you add all those you get 1052. For 450, CD=400 and L=50 and if you add all those up then you get 450. For 952, CM=900 L=50 and II=2 and if you add all those up then you get 952. For 942, CM=900 XL=40 and II=2, and if you add all those up then you get 942.

What is the missing length?

Answers

The missing length is 51.5, I hope this helps :)

Answer:

Length=12mi

Step-by-step explanation:

Area=123.6mi^3

Width=10.3mi

Length=u

Formula: Area=LxW

Area÷W=u

123.6÷10.3=12

Length=12mi

Hope this helps :)

A college employs 15 stewards. What is the average monthly wage of the stewards if the college pays 226.20 in wages each month?​

Answers

Answer:

$15.08

Step-by-step explanation:

As the value 226.20 is the total of all wages, you can work out the mean.

Mean averages are usually worked out as the total / number of values.

Because you already know the total is 226.20 and the number of values is 15 different wages, divide 226.20 by 15 to get $15.08.

The staff at a company went from 40 to 29 employees. What was the percent change in the number of staff?

Answers

Answer: 27.5% decrease in the staff

Step-by-step explanation:

Help me with this answer please​

Answers

Answer:

£6.25

Step-by-step explanation:

2.25 x 15 = 33.75

40 - 33.75 = 6.25

Answer:

£6.25

Step-by-step explanation:

Hii,

So if each lesson is 2.25, you times this by 15 to get the total amount of payment. £2.25 x 15 = 33.75

To get change, you need to take away the amount you are giving by how much the bill is.

£40 - £33.75 = £6.25

I hope this helped :P

If g(t) = 5t^2 - 3t - 3 and h(t) = 7t^2 + 9t - 8, find g(t) + h(t)

Answers

[tex]g(t) + h(t)\\\\=(5t^2 -3t -3)+(7t^2 +9t -8)\\\\=12t^2+6t-11[/tex]

Can someone answer this for me?

Thanks!

Answers

Hiii :))

Answer is in the attachment.

Identity used :-

1) cosec² α = 1 + cot² α

Trigonometric Ratio :-

1) cot 30° = √3

_____

Reddam is an expensive school, right?

RainbowSalt2222 ☔

Answer:

hello :-D

Step-by-step explanation:

Which of the following is equivalent to the expression 2/5 divided by 4 ?


A


5/2×4



B
2/5



C
2/5×1/4



D
2/5÷1/4

Answers

Answer:

C) 2/5×1/4

Step-by-step explanation:

Dividing by a number is the same by multiplying by the reciprocal of the number.

For Example:

1/2 divided by 3 would be the same as 1/2 x 1/3

So for this problem we are given that 2/5 is divided by 4 which would be the same as 2/5 multiplied by the reciprocal of 4 which is 1/4 and thus the answer is option C which is 2/5×1/4

The ratio of ronnys tern, dougs rent and ronalds rent is 4:5:8. Their total rent if $3723. What is the cost of each persons rent

Answers

Answer:

The cost of Ronny is $876, Dough is $1095 and Ronald is $1752.

Step-by-step explanation:

Firstly, make all ratios into units:

Let Ronny = 4 units, Doug = 5 units,

Ronald = 8 units, Total = $3723

4 units + 5 units + 8 units = 17 units

17 units = $3723

1 unit = $3723 ÷ 17

1 unit = $219

Given that 1 unit is equals to $219. Let find the amounts:

Ronny = 4 × 219 = $876

Doug = 5 × 219 = $1095

Ronald = 8 × 219 = $1752

HELPPP LAST ATTEMPT!!

Answers

Answer:

B' (-1,-5)

Step-by-step explanation:

When it is reflected over the y-axis, the y coordinate stays the same but the x coordinate inverses. In this situation since the x in point B is a positive, the x in point B' will be a negative.

(-1,5)

since it’s being translated over the y axis the only coordinate that’s changing would be the x coordinate. when it’s translated over it would be the opposite to the original point. (positive original point would become a negative point after translated)
hope this helps!

Which set of side lengths will form a triangle
A: 16ft, 4ft, 21ft
B: 30ft, 30ft, 60ft
C: 12ft, 12ft, 20ft
D: 3ft, 5ft, 10ft
PLS HELP

Answers

Answer:

the set of side lengths will be d

In which quadrant does the angle t lie if tan(t)>0 and cos(t)<0?

A) II
B) IV
C) Cannot be determined
D) III
E) I

Answers

Quadrant is a quarter of a coordinate plane

The location of angle t is in quadrant 3

The trigonometry equations are given as:

tan(t)>0 and cos(t)<0

The cosine of an angle is negative in the following quadrants

Quadrant 2Quadrant 3

The cosine of an angle is positive in the following quadrants

Quadrant 3

The intersection of the above points is quadrant 3

This means that the angle is in quadrant 3

Hence, the true option is (D) III

Read more about quadrants at:

https://brainly.com/question/14450464

Water leaks from tanker at a rate of 8L/h. How much water will leak from the tank in: a: 2 Day. b: 2 Weeks

Answers

Answer:

look at the picture ..........

Please help me find my gpa I don’t know how

I have a C, A, B the rest are f

Answers

Answer:

Your GPA would be 1.5 If you have 6 periods.

Step-by-step explanation:

A = 4 GPA Points

B = 3 GPA points

C = 2 GPA Points

D = 1 GPA Points

F = 0 GPA Points

With that knowledge you calculate 2 (C) + 4 (A) + 3 (B) + 0 (F) + 0 (F)  + 0 (F) assuming you have 6 periods which adds up to 9. You divide  by the number of periods (6) totaling to 1.5 GPA Points.

In which quadrant does the point (13 , 20) lie? A. Quadrant III B. Quadrant I C. Quadrant IV D. Quadrant II

Answers

Answer:

B.

Step-by-step explanation:

The first quadrant is the upper right-hand corner of the graph, the section where both x and y are positive. The second quadrant, in the upper left-hand corner, includes negative values of x and positive values of y. The third quadrant, the lower left-hand corner, includes negative values of both x and y.

simple math question!!!

Answers

There are 25 boxes and 15 of them are shaded.

15/25 = 0.6 = 60%

Answer:

15%

Step-by-step explanation:

Because 5 x 3 = 15%. So the answer is 15%

write 90 cm as percentage of a metre??​

Answers

Answer: 90%

Step-by-step explanation:

90 cm is 0.9 m

and 0.9 m is 90% of 1 m

90% is your answer sorry if wrong

Hi. can you help me?

Answers

Answer:

Sure

Step-by-step explanation:

First you need to ____

Next you need to ____

Last, put nothing

That's what you did, so I helped you out.

Is dis good

i- I think you forgot to put the picture.

The first recorded Olympic game began in 776 called the Asian Olympics games were held every four hours until being abolished by the Roman emperor Theodosius in 393 determine the length of time between the start of the ancient Olympics and the modern Olympics which began in 1896

Answers

Answer:

1503 years

Step-by-step explanation:

Although the ancient Games were staged in Olympia, Greece, from 776 BC through 393 AD, it took 1503 years for the Olympics to return. The first modern Olympics were held in Athens, Greece, in 1896.

PLEASE HELP! Economics

Answers

Answer:

C is the answer.

Step-by-step explanation:

the US capital account was in surplus and Japanese current account

On October 1, Organic Farming purchases wind turbines for $140,000. The wind turbines are expected to last six years, have a salvage
value of $20,000, and be depreciated using the straight-line method.
1. Compute depreciation expense for the last three months of the first year.
2. Compute depreciation expense for the second year.

Answers

9514 1404 393

Answer:

$5000$20,000

Step-by-step explanation:

1.

The annual depreciation is the predicted change in value each year. The change in value for 6 years is predicted to be ...

  $140,000 -20,000 = $120,000 . . . . loss of value in 6 years

3 months is 1/4 of one year, so the loss of value in that time period is ...

  $120,000/6 × 1/4 = $5000

The depreciation expense for the last 3 months of the first year is $5000.

__

2.

The depreciation expense for the second year is ...

  $120,000/6 = $20,000

19 /5 as a mixed number

Answers

Answer:

[tex]\frac{19}{5}= 3\frac{4}{5}[/tex]

Step-by-step explanation:

5 can go into 19 three times. This will leave a remainder of 4. Therefore, 19/5 as a mixed number is 3 4/5.

(C+X)/X
can be simplified as:​

Answers

[tex] \frac{(c + x)}{x} \\ \\ \frac{c + x}{x} [/tex]

it's can simplify sorry

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