Acustomer got serious food poisoning from tasty feast restaurant on march 30, 20x2, necessitating a trip to the emergency room.
on april 5, 20x2, the customer initiated a lawsuit. at december 31, 20x2, tasty feast estimated its probable loss to be $50,000.
in january, 20x3, before issuance of tasty feast’s financial statements, a judge ruled in favor of the customer and awarded the customer $80,000 in damages.

must the company recognize the effects of this ruling in its 20x2 financial statements? explain.

What cylinder head operation is the technician performing in this figure?

Cindy recently played in a softball game in which she misplayed a ground ball for an error. later, in the same game, she made a great catch on a very difficult play. according to the self-serving bias, she would attribute her error to and her good catch to her

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks