Use the Following to Answer Questions 31 and 32

question 14

Multiple Choice

Use the following to answer questions 31 and 32:
REFERENCE 11-01
A foreign subsidiary of a U.S.-based company has been notified of a loss contingency with an estimated cost ranging between $220,000 and $250,000 which is probable of resulting in an actual loss. Each dollar amount within this range of cost is equally likely of being the actual outcome.
[QUESTION]
REFER TO: 11-01
-According to U.S.GAAP, what is the amount recognized as a provision for loss contingency?

• A) No amount will be recorded but an amount will be disclosed in the notes to the financial statements.
• B) $110,000
• C) $220,000
• D) $235,000
• E) $250,000

Comprehend the benefits and techniques of active listening in enhancing communication.

Explore the concept, role, and dynamics of the grapevine in organizational communication.

Analyze the importance of effective communication in workplace settings.

Understand the ethical concerns and issues in research as highlighted by the Tuskegee study.

---

Definitions:

Expert Systems

Artificial intelligence programs that use expert-level knowledge to solve problems in a specific domain, mimicking the decision-making ability of a human expert.

Automated Sensors

Devices that operate autonomously to collect data or detect specific conditions, often used in industrial and home applications.

Simulation

The attempt to duplicate the features, appearance, and characteristics of a real system, usually via a computerized model.

Failure Rate

The rate at which a designed system or part malfunctions, measured in failures over a specific time period.