Brunswick Corporation is a multinational company that manufactures and sells marine and recreational products. A prior annual

Question:

Brunswick is a multinational company that manufactures and sells marine and recreational products. A prior annual report contained the following information:
Litigation
A jury awarded $44.4 million in damages in a suit brought by Independent Boat Builders, Inc., a buying group of boat manufacturers and its 22 members. Under the antitrust laws, the damage award has been tripled, and the plaintiffs will be entitled to their attorney's fees and interest. The Company has filed an appeal contending the verdict was erroneous as a matter of law, both as to liability and damages.
Required:
What are the alternative ways in which Brunswick could account for this litigation?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...