Business, 07.10.2021 15:00 CadenClough13

The Environmental Protection Agency (EPA) investigate Snowflake for potential violations related to damage resulting from an oil spill. Below are the events that occurred: 12/31/2018 Year-end (balance sheet date) 1/5/2019 Snowflake factory caused an oil spill 2/15/2019 EPA issues a fine to Snowflake 3/1/2019 Snowflake agrees to pay an amount that is not material 3/15/2019 Snowflake issues 2018 financial statements. How should Snoflake account for this situation on its 2018 statements

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