Assume that a lawsuit has been fi led against your fi rm. Your legal counsel has assured
Question:
Assume that a lawsuit has been fi led against your fi rm.
Your legal counsel has assured you that a loss is not probable. How should the lawsuit be disclosed on the fi nancial statements?
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Related Book For 
Using Financial Accounting Information The Alternative To Debits And Credits
ISBN: 9780538452748
7th Edition
Authors: Curtis L. Norton, Gary A. Porter
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