Ellen's mom is disturbed by what she hears! which perspective best describes her response? " ellen! you're being way too judgmental of this woman! she wasn't trying to be mean to you. she is just telling you that it is necessary for some people to be the workers and others to be the owners. that's how society works—without both, how would anything get done? now stop worrying. you can buy the purse when you save up enough money."

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: