Read and analyze each statement. Put indicate if the liability shall be recognized, disclosed or ignored.

1. A Company sells color television sets with a two-year repair warranty. The sale was made in cash.
2. B Company sells color television sets with a two-year repair warrant. The sale was made in two instalment payments.
3. C Company sold 500,000 boxes of cake mix under a new sales promotional program. Each box contained a coupon, which entitled the customer to a baking pan. The entity estimated that 80% of the coupons will be redeemed, however, only 60% had been processed.
4. D Company is defending against a lawsuit and believes there is only 25% chance it will lose in court. If the company loses, management believes damages will fall somewhere in the range of P3,000,000 to P4,000,000 with each amount in that range equally likely to occur.
5. Company is defending against a lawsuit and believes there is a 51% chance it will lose in court. The entity estimates that damages will be P1,000,000.
6. On December 1, year 2, F Company was awarded damages of P75,000 in a patent infringement suit it brought against a competitor. The defendant did not appeal the verdict, and payment was received in January year 3.