Discussion
1. What journal entry would OI have made to record the additiuonal $295 million of asbestos liability? You can ignore income taxeffects
2. Briefly summarize the effects development restatement on the following financial staements. What accounts were affected ? by how much ? what other disclosure were impacted? Note 1 in the restated 2-15 10-k describes the changes a) The income statement b) The balance c) The statement of cash flows d) The statement of shares owners' equity.