A currency’s exchange rate is how many denominations the currency has.
its stable rate as established by the government.
how easily it can be divided into other currencies.
its changing value relative to other currencies.

The following legal claims exist for m. finger co. identify the accounting treatment for each claim as either (a) a liability that is recorded or (b) an item described in notes to its financial statements. 1. m. finger (defendant) estimates that a pending lawsuit could result in damages of $1,250,000; it is reasonably possible that the plaintiff will win the case. an item described in notes to its financial statements. a liability that is recorded. 2. m. finger faces a probable loss on a pending lawsuit; the amount is not reasonably estimable. a liability that is recorded. an item described in notes to its financial statements. 3. m. finger estimates damages in a case at $3,500,000 with a high probability of losing the case. an item described in notes to its financial statements. a liability that is recorded. the amount that m. finger co. should record in its accounting records related to these suits is:

The defendant, angered because a rival gang member had twice beaten him up after school, obtained a heavy lead pipe and waited in a deserted alleyway which he knew the rival took as a route home every day after school. when his enemy came walking down the alley, the defendant leapt out behind him and smashed the pipe into the victim's head, knocking him to the ground. the defendant then rolled the victim over and pounded his face with 15 to 20 heavy blows with the lead pipe, killing him. the jurisdiction defines first degree murder as murder committed with premeditation and deliberation. all other murders are defined as second degree murders. why will the defendant be convicted of first degree murder (as opposed to second degree murder)?

Suppose that a father is walking his young daughter to school when a driver of an automobile negligently runs off the road and onto the sidewalk, hitting the girl but not her father. the young girl dies from her injuries. the father suffers severe emotional distress by seeing his daughter die and manifests his distress by suffering physically. which of the following is an accurate statement regarding the father's right to sue and recover damages from the driver of the automobile? a. the father can sue and recover damages from the driver of the automobile for intentional infliction of emotional distress for the severe distress he suffered by seeing his daughter die. b. the father cannot sue the driver since tort law does not recognize strict liability for automobile accidents. c. the father cannot sue the driver since the driver did not intend to cause harm. d. the father can sue and recover damages from the driver of the automobile for negligent infliction of emotional distress for the severe distress he suffered by seeing his daughter die. e. the father cannot sue the driver since he did not suffer physical injury himself.