In October 20X1, an employee sued ODA Ltd. for wrongful dismissal. Legal counsel has advised management...

    

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In October 20X1, an employee sued ODA Ltd. for wrongful dismissal. Legal counsel has advised management that the company, which reports under ASPE, will have to settle the lawsuit by paying damages ranging from $60,000 to $90,000. The company paid no damages in 20X1 but expects to make payments in 20X2. In November 20X1, the company guaranteed a $120,000 loan that a related company received from its bank. The related company made all required loan payments throughout 20X1 and expects to continue doing this in the future. please provide the amounts asked for in each of the following questions in this order (when entering amounts please do not use commas, negative signs, dollar signs or cents - please round your answer to the nearest dollar). The amount that the company will record for the lawsuit provision for the year ended December 31, 20X1. The amount that the company will report on its December 31, 20X1 statement of financial position for the loan guarantee liability. In October 20X1, an employee sued ODA Ltd. for wrongful dismissal. Legal counsel has advised management that the company, which reports under ASPE, will have to settle the lawsuit by paying damages ranging from $60,000 to $90,000. The company paid no damages in 20X1 but expects to make payments in 20X2. In November 20X1, the company guaranteed a $120,000 loan that a related company received from its bank. The related company made all required loan payments throughout 20X1 and expects to continue doing this in the future. please provide the amounts asked for in each of the following questions in this order (when entering amounts please do not use commas, negative signs, dollar signs or cents - please round your answer to the nearest dollar). The amount that the company will record for the lawsuit provision for the year ended December 31, 20X1. The amount that the company will report on its December 31, 20X1 statement of financial position for the loan guarantee liability. In October 20X1, an employee sued ODA Ltd. for wrongful dismissal. Legal counsel has advised management that the company, which reports under ASPE, will have to settle the lawsuit by paying damages ranging from $60,000 to $90,000. The company paid no damages in 20X1 but expects to make payments in 20X2. In November 20X1, the company guaranteed a $120,000 loan that a related company received from its bank. The related company made all required loan payments throughout 20X1 and expects to continue doing this in the future. please provide the amounts asked for in each of the following questions in this order (when entering amounts please do not use commas, negative signs, dollar signs or cents - please round your answer to the nearest dollar). The amount that the company will record for the lawsuit provision for the year ended December 31, 20X1. The amount that the company will report on its December 31, 20X1 statement of financial position for the loan guarantee liability. In October 20X1, an employee sued ODA Ltd. for wrongful dismissal. Legal counsel has advised management that the company, which reports under ASPE, will have to settle the lawsuit by paying damages ranging from $60,000 to $90,000. The company paid no damages in 20X1 but expects to make payments in 20X2. In November 20X1, the company guaranteed a $120,000 loan that a related company received from its bank. The related company made all required loan payments throughout 20X1 and expects to continue doing this in the future. please provide the amounts asked for in each of the following questions in this order (when entering amounts please do not use commas, negative signs, dollar signs or cents - please round your answer to the nearest dollar). The amount that the company will record for the lawsuit provision for the year ended December 31, 20X1. The amount that the company will report on its December 31, 20X1 statement of financial position for the loan guarantee liability. In October 20X1, an employee sued ODA Ltd. for wrongful dismissal. Legal counsel has advised management that the company, which reports under ASPE, will have to settle the lawsuit by paying damages ranging from $60,000 to $90,000. The company paid no damages in 20X1 but expects to make payments in 20X2. In November 20X1, the company guaranteed a $120,000 loan that a related company received from its bank. The related company made all required loan payments throughout 20X1 and expects to continue doing this in the future. please provide the amounts asked for in each of the following questions in this order (when entering amounts please do not use commas, negative signs, dollar signs or cents - please round your answer to the nearest dollar). The amount that the company will record for the lawsuit provision for the year ended December 31, 20X1. The amount that the company will report on its December 31, 20X1 statement of financial position for the loan guarantee liability. In October 20X1, an employee sued ODA Ltd. for wrongful dismissal. Legal counsel has advised management that the company, which reports under ASPE, will have to settle the lawsuit by paying damages ranging from $60,000 to $90,000. The company paid no damages in 20X1 but expects to make payments in 20X2. In November 20X1, the company guaranteed a $120,000 loan that a related company received from its bank. The related company made all required loan payments throughout 20X1 and expects to continue doing this in the future. please provide the amounts asked for in each of the following questions in this order (when entering amounts please do not use commas, negative signs, dollar signs or cents - please round your answer to the nearest dollar). The amount that the company will record for the lawsuit provision for the year ended December 31, 20X1. The amount that the company will report on its December 31, 20X1 statement of financial position for the loan guarantee liability. In October 20X1, an employee sued ODA Ltd. for wrongful dismissal. Legal counsel has advised management that the company, which reports under ASPE, will have to settle the lawsuit by paying damages ranging from $60,000 to $90,000. The company paid no damages in 20X1 but expects to make payments in 20X2. In November 20X1, the company guaranteed a $120,000 loan that a related company received from its bank. The related company made all required loan payments throughout 20X1 and expects to continue doing this in the future. please provide the amounts asked for in each of the following questions in this order (when entering amounts please do not use commas, negative signs, dollar signs or cents - please round your answer to the nearest dollar). The amount that the company will record for the lawsuit provision for the year ended December 31, 20X1. The amount that the company will report on its December 31, 20X1 statement of financial position for the loan guarantee liability. In October 20X1, an employee sued ODA Ltd. for wrongful dismissal. Legal counsel has advised management that the company, which reports under ASPE, will have to settle the lawsuit by paying damages ranging from $60,000 to $90,000. The company paid no damages in 20X1 but expects to make payments in 20X2. In November 20X1, the company guaranteed a $120,000 loan that a related company received from its bank. The related company made all required loan payments throughout 20X1 and expects to continue doing this in the future. please provide the amounts asked for in each of the following questions in this order (when entering amounts please do not use commas, negative signs, dollar signs or cents - please round your answer to the nearest dollar). The amount that the company will record for the lawsuit provision for the year ended December 31, 20X1. The amount that the company will report on its December 31, 20X1 statement of financial position for the loan guarantee liability. In October 20X1, an employee sued ODA Ltd. for wrongful dismissal. Legal counsel has advised management that the company, which reports under ASPE, will have to settle the lawsuit by paying damages ranging from $60,000 to $90,000. The company paid no damages in 20X1 but expects to make payments in 20X2. In November 20X1, the company guaranteed a $120,000 loan that a related company received from its bank. The related company made all required loan payments throughout 20X1 and expects to continue doing this in the future. please provide the amounts asked for in each of the following questions in this order (when entering amounts please do not use commas, negative signs, dollar signs or cents - please round your answer to the nearest dollar). The amount that the company will record for the lawsuit provision for the year ended December 31, 20X1. The amount that the company will report on its December 31, 20X1 statement of financial position for the loan guarantee liability. In October 20X1, an employee sued ODA Ltd. for wrongful dismissal. Legal counsel has advised management that the company, which reports under ASPE, will have to settle the lawsuit by paying damages ranging from $60,000 to $90,000. The company paid no damages in 20X1 but expects to make payments in 20X2. In November 20X1, the company guaranteed a $120,000 loan that a related company received from its bank. The related company made all required loan payments throughout 20X1 and expects to continue doing this in the future. please provide the amounts asked for in each of the following questions in this order (when entering amounts please do not use commas, negative signs, dollar signs or cents - please round your answer to the nearest dollar). The amount that the company will record for the lawsuit provision for the year ended December 31, 20X1. The amount that the company will report on its December 31, 20X1 statement of financial position for the loan guarantee liability. In October 20X1, an employee sued ODA Ltd. for wrongful dismissal. Legal counsel has advised management that the company, which reports under ASPE, will have to settle the lawsuit by paying damages ranging from $60,000 to $90,000. The company paid no damages in 20X1 but expects to make payments in 20X2. In November 20X1, the company guaranteed a $120,000 loan that a related company received from its bank. The related company made all required loan payments throughout 20X1 and expects to continue doing this in the future. please provide the amounts asked for in each of the following questions in this order (when entering amounts please do not use commas, negative signs, dollar signs or cents - please round your answer to the nearest dollar). The amount that the company will record for the lawsuit provision for the year ended December 31, 20X1. The amount that the company will report on its December 31, 20X1 statement of financial position for the loan guarantee liability. In October 20X1, an employee sued ODA Ltd. for wrongful dismissal. Legal counsel has advised management that the company, which reports under ASPE, will have to settle the lawsuit by paying damages ranging from $60,000 to $90,000. The company paid no damages in 20X1 but expects to make payments in 20X2. In November 20X1, the company guaranteed a $120,000 loan that a related company received from its bank. The related company made all required loan payments throughout 20X1 and expects to continue doing this in the future. please provide the amounts asked for in each of the following questions in this order (when entering amounts please do not use commas, negative signs, dollar signs or cents - please round your answer to the nearest dollar). The amount that the company will record for the lawsuit provision for the year ended December 31, 20X1. The amount that the company will report on its December 31, 20X1 statement of financial position for the loan guarantee liability.

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