Warren advertising becomes aware of a lawsuit after the end of the fiscal year, but prior to the issuance of financial statements. a loss should be accrued and a liability should be reported if the amount can be reasonably estimated and:
a)the cause for action occurred prior to the end of the fiscal year.
b)the damages would be payable within a year.
c)both a. and b.
d)the contingency should not be accrued.

The answer is: A) The cause for action occurred prior to the end of the fiscal year.

Explanation:

Warren Advertising should always accrue its losses or liabilities according to the following basic accounting principles:

Accrual principle: Transactions must be recorded in the periods when they actually occur, not necessarily than in the periods when there are cash flows associated with them.

Conservatism principle: Expenses and liabilities must be recorded as soon as possible, revenue and assets only when they occur.

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

happy to

pls mark as brainliest

answer'; i believe the correct answer is (15,000) workers a year are treated for injuries caused by jacks, lifts or jack stands;