After school one day, the baseball coach approaches mr. henry to talk about his pitcher's grade in his english class. the grade the student has earned in the class, which is a d+, has made him ineligible to play in the game against the school rivals this weekend. mr. henry agrees to raise the student's grade to a c- which will allow him to play this weekend. who, if anyone, can the state board of educator certification, take action against?

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: