In financial reporting, many amounts presented in the financial statements reflect the results of transactions in the future. This requires estimates of those future events to complete the financial statements. What would NOT be an example of this kind of estimate? The amount of each paycheck for the employees of the business Amounts to be paid by customers for purchases of inventory Amounts to be settled in court because of lawsuits against the company How much of the long-term assets have been used up in the operation of the