In 1974, the U. S. Department of Transportation commissioned to create a master set of thirty-four passenger- and pedestrian-oriented symbols for use in transportation facilities. This effort represented an important first step toward the goal of unified and effective graphic communications transcending cultural and linguistic barriers in a shrinking world. A 225-page book published by the Department of Transportation provides invaluable information about the design and evaluation process used to arrive at this system.

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: