Mr. grammarcy has been having trouble sleeping at night, and his lack of sleep is beginning to interfere with his ability to function properly during the day. he's concerned that he may lose his job in the next round of lay­offs at his company. he is also having marital problems. he tends to lay awake at night, worrying about these problems and thinking about what he can do to resolve these issues. based on the discussion in the text, mr. grammarcy should understand

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: