explain how each of these items will affect the financial statements of Fillet at year

$-$

end

$20$

X

$9$

$.$

$$a

$.$

$$a company uses a part manufactured in Germany in its automobile manufacturing plant. There has been a concern about the failure of this part in cars manufactured in Germany. No failures have occured to date in Canada. The company decided to do a voluntary recall of all cars manufactured with this part. The recall is

$40$

$\%$

$$complete and has cost $

$1$

$,$

$200$

$,$

$000$

$$to date.