Final Draft Prompt
Rubric | Checklist
Federal agencies were created to oversee specific areas or aspects of the government's responsibility to its citizens. Federal agencies also do specific jobs that the government has promised to perform. As the role of government and the needs of people and society have changed, new agencies have been established.

You will choose one federal agency to discuss in an informative essay. You should do outside research and write an essay on the structure of the agency and its function.

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: