The Environmental Protection Agency (EPA) investigate Snowflake for potential violations related to damage resulting from an oil spill. Below are the events that occurred: 12/31/2018 Year-end (balance sheet date) 1/5/2019 Snowflake factory caused an oil spill 2/15/2019 EPA issues a fine to Snowflake 3/1/2019 Snowflake agrees to pay an amount that is not material 3/15/2019 Snowflake issues 2018 financial statements. How should Snoflake account for this situation on its 2018 statements

Gibson's bodywork does automotive collision work. an insurance agency has determined that the standard time to replace a fender is 2.5 hours (i. e., "standard output" 0.4

San ruiz interiors provides design services to residential and commercial clients. the residential services produce a contribution margin of $450,000 and have traceable fixed operating costs of $480,000. management is studying whether to drop the residential operation. if closed, the fixed operating costs will fall by $370,000 and san ruiz’ income will

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.