A contingent liability is generally disclosed in the notes to the financial statements

Joe and Peter goes to the local sports bar Goals to watch the hockey game on the big screen. Their waiter Lisa served Joe 8 beers but Peter drank Coke all night long. Lisa asked who was driving home and Peter said he would be

When they left Joe drove though and he went through a red light hitting Gail's car. Gail did not have her seat belt on and was thrown from her car and suffered serious injuries. Peter was also injured in the accident too. Which of the following statements is FALSE? A) Joe is liable for negligence B) Gail can be awarded pecuniary and non-pecuniary damages C) Goals and Lisa are partially liable for Gail's injuries D) Gail's injuries will be reduced due to contributory negligence E) If the court rules that Peter voluntarily assumed the risk he will not be able to successfully sue Joe

Smaller values of the trend smoothing constant v assign more weight to the most recent trend of the series and less to past trends

A) True B) False