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3 ABC Company filed suit against Lowland, Inc., seeking damages for copyright violations. Lowland' legal counsel believes it is probable that Lowland will settle the

3 ABC Company filed suit against Lowland, Inc., seeking damages for copyright violations. Lowland' legal counsel believes it is probable that Lowland will settle the lawsuit for an estimated amount in the range of $130,000 to $230,000, with all amounts in the range considered equally likely. How should Lowland report this litigation? :49:46 Multiple Choice O As a disclosure only. No liability is reported. As a liability for $230,000 with disclosure of the range. As a liability for $180,000 with disclosure of the range. As a liability for $130,000 with disclosure of the rangeimage text in transcribed

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