Patty disrupted everyone's work with her constant talking and telling jokes in the office, so coworkers finally began just ignoring her and the behavior stopped. This is an example of ________

A contingency was evaluated at year-end and considered to have a reasonable possibility of becoming an actual liability. If this was not reported in the notes to the financial statements, what is the effect on the financial reporting of the company?

A) There would be no effect. B) The liabilities on the balance sheet would be understated. C) The information about the transaction would be inadequately disclosed in the notes. D) The net income of the company would be understated.

The laborers at Lillon Fabrics are paid on a daily-wage basis. When the employee union announces a strike that involves cessation of work, one of the employees, Lina, is hesitant to participate, as it would mean her employer withholding her pay

Which of the following is true of this case? A) Lina must participate in the strike as participation in all union activities is mandatory for the employees. B) Lina need not participate in the strike. C) Lina's employer is obligated to pay her even if she ceases to work and join the strike. D) Lina must find a replacement employee before joining the strike.