All of the following statements about the electoral college system are true except: a. candidates tend to focus on states with large populations during the campaign. b. each state receives the same amount of electoral votes. c. the votes of the electors in the electoral college ultimately decide the result of the presidential election. d. the number of electors from each state depends on population. e. a candidate can lose the popular vote and still win the election.

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: