Issued common stock to investors for $20.4 cash (example). Purchased $1,700.6 of additional inventory on account. Paid $50.1 on long-term debt principal and $4.6 in interest on the debt. Sold $2,301 of products to customers on account; cost of the products sold was $1,402.6. (Hint: There are two separate effects needed for (d): one for earning revenue and one for incurring an expense.) Paid cash dividends of $34 to shareholders. Purchased for cash $31.4 in additional property, plant, and equipment. Incurred $709.6 in selling expenses, paying three-fourths in cash and owing the rest on account. Earned $1 of interest on investments, receiving 80 percent in cash. Incurred $38 in interest expense to be paid at the beginning of next year

The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u.s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.