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Asia Corporation is involved in a tawsuit at December 31,2022 . What is the necessary adjusting entry, if company's antorney defermined that it is probable

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Asia Corporation is involved in a tawsuit at December 31,2022 . What is the necessary adjusting entry, if company's antorney defermined that it is probable that Asia will be liable for $900,000 as a result of this suit? A. Debit lawsuit loss and credit lawsuit tabilty for $900,000 B Debit lawsait loss and credit kease trabdity for $900,000 C.No entry is necessary for this case D. Debit lawsult expense and credit lease liabudy for 5900,000

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