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b) Muaj & Company is involved in a lawsuit as a result of an accident that took place September 5, 2021. The lawsuit was filed
b) Muaj & Company is involved in a lawsuit as a result of an accident that took place September 5, 2021. The lawsuit was filed on October 1, 2021, and claims damages of Tk. 450,000. [2+2 marks] Instructions 1) Assume instead that at December 31, 2021, Muaj & Companys attorneys feel it is remote that the company will lose the lawsuit. How should the company account for the effects of the lawsuit? please do instruction 1
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