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10A-4. SLIPPERYFEET SHOE Company has been sued by a customer who fell down while wearing a pair of the company's product at the local ice

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10A-4. SLIPPERYFEET SHOE Company has been sued by a customer who fell down while wearing a pair of the company's product at the local ice rink. The lawsuit asks for $3,000,000 in unspecified damages. Required: show the appropriate journal entry and describe any footnote under the following three conditions. 1. SLIPPERYFEEF's attorney thinks that the possibility of losing this case is remote since the customer was well-known to be accident prone. 2. SLIPPERYFEET's attorney thinks that it is reasonably possible that the company will have to pay something to settle the case and that this is a good idea since it will eliminate the negative publicity. 3. SLIPPERYFEET's attorney thinks it is likely that the company will have to pay between $360,000 and $700,000 as a result of the case. Now in its approximately 65th year, La Tomatina is Bunol's answer to La Pamplona's running of the bulls. Essentially a giant food fight, the festival involves thousands of spectators and an estimated 500,000 tomatoes. Chapter 10 Section A V OUS SOU=OJ Kuewwns ewoou o anuenay solo = 15 Template for Problem 10A-4 Isb Section Time: 4pm hur GENERAL JOURNAL DESCRIPTION DERIT CREDIT

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