15) Huprey Co. is the defendant in the following legal claims. For each of following claims, does Huprey (a) record a liability, (b) disclose in notes, or (c) have no disclosure.

1. Huprey can resonably estimate that a pending lawsuit will result in damages of $1,390,000it is probable that Huprey will lose the case.

• Have no disclosure.
• Disclose in notes.
• Record a liability.

2. It is reasonably possible that Huprey will lose a pending lawsuit. The loss cannot be estimable.

• Record a liability.
• Disclose in notes.
• Have no disclosure.

3. Huprey is being sued for damages of $2,260,000. It is very unlikely (remote) that Huprey will lose the case.

• Disclose in notes.
• Record a liability.
• Have no disclosure.