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Bluestein Brothers Inc. owns a patent on a certain manufacturing process. They discovered last year that a competitor was producing a product that they felt
Bluestein Brothers Inc. owns a patent on a certain manufacturing process. They discovered last year that a competitor was producing a product that they felt infringed their patent. Bluestein is now suing the infringer. Legal counsel has assured Bluestein that a favorable outcome is almost guaranteed, and should result in an award between $1,000,000 and $2,000,000 after legal and court costs. Bluestein should now: Accrue a $1,000,000 gain. Accrue a $1,500,000 gain. Accrue a $2,000,000 gain. Make no accrual
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