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

Do You KNOW HOW?
Describe the type of association between x and
y for each set of data.
Please help☹️

Answers

Answer:

The type of association between x and y are inversely proportional  

Step-by-step explanation:

Solution:

Here the x value increase, the y value decrease which implies that x is inversely proportional to y

I hope this helps.

Previous Answer is Correct

A boy dressed in a robot costume weighs a total of 50 7/8 lb. If the costume itself weighs 3 1/2 lb, how much does the boy weigh?

Answers

I think the boys weight is 47 3/8

The weight of the boy in the robot costume is 351/8 lb or 43 7/8 lb.

To find the weight of the boy, we need to subtract the weight of the costume from the total weight of the boy in the costume.

Total weight of boy and costume = 50 7/8 lb

Weight of costume = 3 1/2 lb

To find the weight of the boy, we can subtract the weight of the costume from the total weight:

Weight of boy = Total weight - Weight of costume

Convert both the total weight and the weight of the costume to improper fractions:

Total weight = 50 + 7/8 = 400/8 + 7/8 = 407/8 lb

Weight of costume = 3 + 1/2 = 6/2 + 1/2 = 7/2 lb

Now, subtract:

Weight of boy = (407/8) lb - (7/2) lb

To perform subtraction, we need to have a common denominator, which is 8 in this case:

Weight of boy = (407/8) lb - (56/8) lb

Now, subtract the fractions:

Weight of boy = (407 - 56)/8 lb

Weight of boy = 351/8 lb

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#SPJ2

someone help me i really need it!


NO BOTS

Answers

Answer:

11

Step-by-step explanation:

the first 2 before it splits to 30mins is 9 and 2 so the answer by addition is 11 hope this helps

The graph of function f is shown below. Find f(-4)

Answers

Answer:

pls give the correct question the question is not correct

Write the equation of the line graphed below in slope-intercept form.

a. y = 3x +12

b. y = 12x + 3


c. y = 2x + 3


d. y=12x

Answers

Answer:

C

Step-by-step explanation:

c. y = 2x + 3

first you need to find the y-intercept which is 3

and then the slope rise/run which is 2 so y = 2x + 3

What is the equation of this line?
y= 1/2+2
y = 2x + 2
y= 1/2x-2
y = 2x - 2




HELP ME PLEASEEE ILL GIVE BRAINLIEST

Answers

Answer:

y=2x-2

You use rise/run in this problem

if a triangle perimeter=150cm, side A=86cm, side B=50cm, then side C=__.​

Answers

Answer:

150-86-50=14cm

Step-by-step explanation:

Answer:

C=14cm

150-86-50= 14

Step-by-step explanation:

What is the value of x in this triangle?




56.51°


.58°


28.89°


33.49°

Answers

Answer:

  x = 33.49°

Step-by-step explanation:

The relevant trig ratio is the sine:

  Sin = Opposite/Hypotenuse

  siin(x) = 32/58

The angle measure is found using the inverse function:

  x = arcsin(32/58) ≈ 33.49°

Answer:

i got 32 is it 32 cause i put 33 cause it was closer

Step-by-step explanation:

PLEASE SOMEBODY HELP Let x and Y be two positive integers such that x-y =75 and the least common multiple of x and y is 360. Find the value of x+y.​

Answers

Step-by-step explanation:

xy=360

x-y=75

(x-y)^2+2xy=(x+y)^2-2xy hence we have for x+y= ((x-y)^2+4xy)^0.5 which somehow equals 84.1

if I move up 8 and then move down 8 where am I located?​

Answers

Answer:

you are back in your place.

Step-by-step explanation:

PLS HELP ASAP
x^2 - 4x-1=0
Solve using formula

Answers

Answer:

Your answer would be x=2±√5

Step-by-step explanation:

What is the least common denominator of 10/19 and 2/13

Answers

Answer:

Step-by-step explanation:

Step 1 find the least common multiple of lcm of the denominators

A Ferris wheel can accommodate 70 people in 15 minutes how many people can ride in 3 hours

Answers

840 people

I did 12x70

Answer: 840 people?

Step-by-step explanation:

I need help on this please help

Answers

Answer:

4

Step-by-step explanation:

[tex]\sqrt[3]{64}[/tex] = [tex]\sqrt[3]{4*4*4}[/tex]=4

The answer is 4 because if you multiply 4 three time you will get 64

Step by step
4x4=16
16x4=64

The store owner tells the girls that half of the DVDS are out on loan. How many DVDS does the store own in total?​

Answers

3

Step-by-step explanation:

i need help to

Edgar Elementary
School is having a reading contest. Six
fourth-grade classes each set a goal to read
1,266 pages. Six fifth-grade classes each
set a goal of 2,212 pages. How many more
pages does each fifth-grade class have to
read than each fourth-grade class?

Answers

Answer:3333

Step-by-step explanation:

What is the distance between the points (6, 11) and (3, 1)? If necessary, round
your answer to two decimal places.
A. 109 units
B. 9.43 units
C. 10.44 units
D. 89 units

Answers

Answer:

C.) 10.44030650

Step-by-step explanation:

Answer:

C. 10.44 units

Step-by-step explanation:

Use distance formula:

[tex]d=\sqrt{(x_2-x_1)^2+(y_2-y_1)^2}[/tex]

Substitute the values and calculate:

[tex]d=\sqrt{(3-6)^2+(1-11)^2} =\sqrt{(-3)^2+(-10)^2} =\sqrt{9+100} =\sqrt{109} =10.4403[/tex]

Correct choice is C

Write 34% as a fraction in simplest form

Answers

Answer:

The answer is that the simplest fraction form of 34% is 17/50

Step-by-step explanation:

Both the numerator and denominator of the fraction 34/100 can only be divided by 2, to satisfy creating its simplest form.

34% = 17/50

Have an awesome day! :D

Answer:

[tex]\frac{17}{50}[/tex]

Step-by-step explanation:

To write any fraction as a percent, remember perCENT means per 100. Think of 100 cents in a dollar. So 34 perCENT means 34 of 100, which you write as [tex]\frac{34}{100}[/tex].

Simplest form means to reduce, so you see if there is any number you can divide out of the top and the bottom.

[tex]\frac{34}{100}[/tex] = [tex]\frac{17*2}{50*2}[/tex]= [tex]\frac{17}{50}[/tex]

Can someone help? anyone?

Answers

Answer:

The right answer is letter C.

Step-by-step explanation:

I hope it's help

have a nice day and night

i need detailed answer for this question. please help it’s for elementary school

Answers

Step-by-step explanation:

=4÷8-15

=½-15

= -14½

hope this helps you.

Answer:

-14.5

Step-by-step explanation:

4÷2^3-15

2^3= 8

4÷8-15

4÷8= 0.5

0.5-15= -14.5

-14.5

solve pls brainliest

Answers

Answer:

23.4

Step-by-step explanation:

23.4

Answer:

23.40

Step-by-step explanation:

Rest of the options

Answers

Yep, it's C. The answer is C

How to express a mixed number as a percent

Answers

Answer:

Make it an improper fraction and multiply by 100

Answer:

Well a percent means out of a hundred

And a mixed number is

x e/y (example)

Now we know the whole number is already 1 and above so we know that’s already a 100%

Now we just need to add the other fraction to the 100%.

Thats it!

OR you can do convert the mixed number into an improper fraction.

From there make a proportion of the improper fraction equaling x/100

Now solve the proportion by cross multiplying.

Solve for x

Jason gets 15 gallons of gas for $3.90 a gallon which gives him 20 miles to the gallon. How many miles can Jason travel on one tank of Jason?

Answers

0.75 miles
15 divided by 20 as its in proportion

Answer:

0.75 mi.

Step-by-step explanation:

15/20=3.90/x

(x-1)I+(y+1)=(1+i)(4-3i)​

Answers

Answer:

x=2, y=6

Step-by-step explanation:

Select the graph which correctly displays the function f(x) = |x + 2|– 3.

graph 1
graph 2
graph 3
graph 4

Answers

Answer:

Graph 4

Step-by-step explanation:

I have to put more words lol

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

Write the equation of a parabola that has a vertex of (-2,5.5) and passes through the point (-2.5,2.5).

Answers

The equation of a parabola that has a vertex of (-2, 5.5) and passes through the point (-2.5, 2.5) is  [tex]y=-12(x+2)^2+5.5[/tex]

The vertex form of the equation of a parabola is:

[tex]y=a(x-h)^2+k[/tex]

where (h, k) is the vertex of the parabola

(x, y) is the point that the parabola passes through

The vertex, (h, k) = (-2, 5.5)

The point, (x, y) = (-2.5, 2.5)

Substitute h = -2, k = 5.5, x = -2.5, and y = 2.5 into the equation to solve for a.

[tex]2.5=a(-2.5-(-2))^2+5.5\\\\2.5=a(-2.5+2)^2+5.5\\\\2.5-5.5=a(-2.5+2)^2\\\\-3=a(-0.5)^2\\\\-3=0.25a\\\\a = \frac{-3}{0.25} \\\\a = -12[/tex]

Therefore, the equation of the parabola is:

[tex]y=-12(x-(-2))^2+5.5\\\\y=-12(x+2)^2+5.5[/tex]

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Multiplications that give 48 as a result

Answers

Answer:

1 ×48=48

2×24=48

3×16=48

4×12=48

6×8= 48

A radio station runs a promotion at an auto show with a money box with 12 $100 tickets, 11 $50 tickets, and 11 $25 tickets. The box contains an additional 20
"dummy" tickets with no value. Three tickets are randomly drawn. Find the probability that exactly two $100 prizes and no other money winners are chosen.

Answers

Answer:

I wanna have fun sike lol

Step-by-step explanation:

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