Simple MCQ question from Financial Accounting. Please solve it ASAP!!!

QUESTION 28 Under what condition should a pending lawsuit be recognized as a liability on a company's balance sheet? The outcome can be reasonably estimated The outcome is probable and can be reasonably estimated. The outcome is probable The outcome is reasonably possible QUESTION 29 What is meant by the term "double taxation"? A sole proprietorship must pay income taxes to both the state government and the federal government. In a partnership, both partners are required to claim their share of net income on their tax returns. A sole proprietorship must pay income taxes on its net income and the owner is also required to pay income taxes on withdrawals. Corporations must pay income taxes on their net income, and their storeholders must pay income taxes on their dividends. QUESTION 30 What is the term used to describe the amount of accounts receivable that is actually expected to be collected? Allowance for Doubtful Accounts Net Realizable Value The present value of accounts receivable Uncollectible accounts expense