Decorative concrete produces a concrete overlay for residential and commercial concrete flooring. customers have complained that one of the products results in excessive cracking. the likelihood the company will incur a loss on this product is probable and the amount of the loss is estimated to be somewhere between $1.7 and $3 million.

1. should this contingent liability be reported, disclosed in a note only, or both?

Thank you for posting your question here at . I hope the answer will help you. Feel free to ask more questions here. The contingent liability I think should be reported, to avoid future disaster. The company can pull out the product or announce to the public to return the product, it will be a great loss for the company the customer will be the one to complaint that someone lost her/his life because of there product. Prevention is better that anything else. 

You can add up all the sides, so for the base, you'll get 8x3/2 but since you have 2 same base, you can just cancel out the /2. so the answer is 24. then add up the other sides, we have 2 9x5 rectangles, and a 8x9 side at the bottom. so just add 24 + 90 + 72, so the final answer should be 186 cm2