Question: Go to https://www.sec.gov/ read the notes to facebooks most recent 10Q and or 10K report.Is there any mention of a contingent liability for an FTC

Go to https://www.sec.gov/

read the notes to facebooks most recent 10Q and or 10K report.Is there any mention of a contingent liability for an FTC fine?Based on this article, do you think the next release will either

1) mention this in their financial statement notes if not already or

2) be listed as a contingent liability on their balance sheet.

Please explain your answer and cite the references for your answer.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!