Reflect on what you have learned in this class. describe the significant ways in which you would be able to utilize critical thinking in your personal and professional life. make sure to refer to examples of concrete situations. discuss at least two (2) key concepts that you felt were most impactful to you this term and the manner in which you might use these concepts in the future. watch the movie in the instructor insights for week 11. can critical thinking make you a better person? in what ways?

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: