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Best Ltd. has guaranteed a $800,000 loan of Grand Ltd., a customer . There is security valued at $520,000-assets of Grand-registered against the loan. Best

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Best Ltd. has guaranteed a $800,000 loan of Grand Ltd., a customer . There is security valued at $520,000-assets of Grand-registered against the loan. Best estimates that there is a 25% chance that it will be required to step in and pay $280,000 on the loan this coming year. Required: Calculate the liability Best must record, if any. uncility

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