Aforeign subsidiary of a u. s.-based company has been notified of a loss contingency with an estimated cost ranging between $220,000 and $250,000 which is probable of resulting in an actual loss. each dollar amount within this range of cost is equally likely of being the actual outcome. (note: you must show your work to receive extra credit.) 4.
a) record the amount recognized according to u. s
b) record the amount recognized according to ifrs
c) prepare the conversion worksheets to convert u. s. gaap to ifrs.
d) prepare the journal entry to convert the 2017 pillow ltd. financial statements from ifrs to u. s. gaap.

An attorney came to work on a saturday. when he signed in, he was advised by the morning security guard employed by the building management that he must be out of the building by 5 p.m., when it closes. however, he stayed past 5 p.m. to complete a brief that had to be filed on monday morning. at 5: 15 p.m., the afternoon security guard set the locks on all the doors of the building and left. because she was in a hurry, she did not check the sign-in sheet to make sure that everyone had signed out, contrary to mandatory procedures. when the attorney tried to exit 15 minutes later, he discovered that the doors were all locked and could not be opened from the inside. he used his cell phone to call for , and a supervisor from the building arrived and let him out shortly thereafter. if the attorney sues the building management for false imprisonment, is he likely to win?