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Brady's Sports Emporium is sued by a customer who fell on the slippery sidewalk outside the store and broke their leg. Brady's attorney believes

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Brady's Sports Emporium is sued by a customer who fell on the slippery sidewalk outside the store and broke their leg. Brady's attorney believes that it is REASONABLY POSSIBLE, but not probable, that the store will lose the lawsuit. True/False Question: Brady's Sports Emporium should record a liability on its balance sheet for the amount of expected damages from the lawsuit. True False

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