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Bandera Bread was recentiy sued by a customer who found a bug in her soup. Bandera's lawrers believe it is probable that Bandera will be

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Bandera Bread was recentiy sued by a customer who found a bug in her soup. Bandera's lawrers believe it is probable that Bandera will be found liable (guilty) and the amount of the damages is estimated to be $450.000. In response to the litigation, Bandera Bread should: Wait to accrue (record) a liability and expense until after the trial and a guilty verdict has been declared. Accrue (record) a liability and expense in the eurrent period for $450,000. Expense any cash settlement when the payment is made. Only disciose the incident in the notes to the financial statements

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