Explain ongoing government investigation

Reference no: EM1394631

Question 1: Is Fast Eddie required to accrue a liability as of March 31, 2011, financial statements related to the ongoing government investigation? If so, how much?

Question 2: If Fast Eddie withdraws the settlement offer before it is accepted by the government and before the issuance of Fast Eddie's financial statements, would that change your answer to the above question?

Reference no: EM1394631

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