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A company is aware of an unfiled, unasserted claim against it for negligence. Under which of the following circumstances would the company make an accrual
A company is aware of an unfiled, unasserted claim against it for negligence. Under which of the following circumstances would the company make an accrual for this claim?
a If its probable that a claim will be filed, and its probable that the outcome will be unfavorable.
b It would not make an accrual since the claim has not been brought forward.
c If its probable that a claim will be filed, and its possible that the outcome will be unfavorable.
d If its possible that a claim will be filed, and if its probable of an unfavorable outcome.
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