9 k t nces Knowledge Check 01 Dexter Tours is a defendant in litigation involving an accident that occurred during a cruise. The company is sued for $5 million in damages. The likelihood of a payment occurring is probable, and the amount is estimated to be $3 million. Which of the following is the company required to do in this scenario? Multiple Choice Record a $4 million liability. Record a $3 million liability. Record a $5 million llability. The company is not required to report anything because the loss is not certain.