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Al-safa Industries is being sued by Ali a former employee for wrongful termination. It is probable that Al-Safa will lose the case and be ordered
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Al-safa Industries is being sued by Ali a former employee for wrongful termination. It is probable that Al-Safa will lose the case and be ordered to pay Ali a significant sum of money. If the company fails to report this information somewhere in its financial statements, is it violating GAAP? if so what concept is violated? I need a clarifying and perfect answer please, get you thumbs up directly.Thank you very much.
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