Explain briefly how swift would current year financial state

Assignment Help Financial Accounting

Reference no: EM13140004

Swift Drug Company is being sued this year for a wrongful death due to violation of FDA rules. There is no doubt that Swift is guilty and the settlement is reasonably estimable at $10 billion payable evenly over 10 years starting next year. Briefly explain how Swift would address this in its current year financial statements.

Reference no: EM13140004

Questions Cloud

How many molecules of cholesterol are present : A typical deposit of cholesterol, C27H46O, in an artery has a mass of 3.90 mg. How many molecules of cholesterol are present in this deposit?

Balance on the completing worksheet : If in preparing a worksheet a adjusted trial balance amount is sorted to the wrong work sheet column will balance on the completing worksheet, but with the wrong net income, if the amounts sorted in error is ?

Guidelines for taoism and confucianism : Summarize, compare and contrast both Taoism and Confucianism.

Find probability that none has lost electricity in household : What is the probability that none of them has lost electricity in his/her household? Assume that their locations are spread out so that loss of electricity is independent among their households.

Explain briefly how swift would current year financial state : There is no doubt that Swift is guilty and the settlement is reasonably estimable at $10 billion payable evenly over 10 years starting next year. E xplain b riefly how Swift would address this in its current year financial statements.

Define effective population size : Define effective population size (1). Describe two biological scenarios that may result in the effective size of a population being different from its census size (2). Give an example of one of them (1). Explain how it impacts the effective popula..

Contrasting judaism and jainism : Compare and contrast Judaism and Jainism in the following areas: Is one or the other of these religions more likely to be the correct religion? Why or why not? Explain

Study demonstrated t : An early study demonstrated that if you repeat important matters either infrequently (only one time) or too often (four repetitions or more),

How long would it take for water to convert in steam : How long would it take for 1.50 mol of water at 100. 0C to be converted completely into steam if heat were added at a constant rate of 16.0J/s ?

User Account

All Pages