An entity is considering events that may have an effect on accounting treatments. For each event below, select from the option lists provided the appropriate description and accounting treatment. Assume that all events are material in amount. A choice may be used once, more than once, or not at all. An entity is considering events that may have an effect on accounting treatments. For each event below, select from the option lists provided the appropriate description and accounting treatment. Assume that all events are material in amount. A choice may be used once, more than once, or not at all