How can you tell if an object has elastic properties? A. If two people pull on it in opposite directions, it falls apart.

B. If two people pull on it in opposite directions, it stretches and remains in a new.

C. If two people pull on it in opposite directions, it stretches. Then when they let it go, it returns to its original size and shape.

D. If two people pull on it, it maintains its original size and shape.

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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: