Question: Can I get some help with this qs please A4-17 Contingencies, Subsequent Even Zero Growth Ltd. has completed financial statements for the year ended 31

Can I get some help with this qs please
A4-17 Contingencies, Subsequent Even Zero Growth Ltd. has completed financial statements for the year ended 31 December 20X6. The financial statements have yet to be finalized or issued. The following events and transactions have occurred: a. The office building housing administrative staff was damaged due to a hurricane on 15 January 20X7. b. On 15 November 20X6, a customer sued the company for $1,000,000 based on a claim of negligence leading to personal injury; Zero is actively defending the suit and claims it is unfounded. Nothing has yet been recorded in the 20X6 financial statements in relation to this event. c. On 1 February 20X7, The company received a $49,700 income tax reassessment for 20X5. d. On 20 December 20X6, Zero applied for a bank loan to replace an existing line of credit. The loan was granted on 2 January 20X7. This event was not recorded in 20X6 or reported in the draft 20X6 financial statements. e. The company has reinterpreted a legal agreement entitling it to commission revenue for the sale of a client's products. Zero Growth's interpretation would entitle it to an extra $60,000 over and above amounts recognized in 20X6. The amount has not been recorded in the accounts. The client was billed for this amount in 20X6 but has disagreed with Zero on the contract interpretation. Both parties have consulted their lawyers; resolution is not expected soon. f. On 1 March 20X7, Zero Growth issued new common shares for cash. The new issue increased the total number of shares outstanding by 15%. Required: Discuss the appropriate accounting treatment for the contingencies and subsequent events described
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