Acustomer got serious food poisoning from tasty feast restaurant on march 30, 20x2, necessitating a trip to the emergency room.
on april 5, 20x2, the customer initiated a lawsuit. at december 31, 20x2, tasty feast estimated its probable loss to be $50,000.
in january, 20x3, before issuance of tasty feast’s financial statements, a judge ruled in favor of the customer and awarded the customer $80,000 in damages.

must the company recognize the effects of this ruling in its 20x2 financial statements? explain.

Yes, the company must recognise the effects of this ruling in its 20x2 financial statements

Explanation:

The must be recognised because it is and event that occurred during the accounting period, it is therefore obligatory to adjust the financial statements

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants

answer; rapid growth in buyer demand and high buyer switching cost;