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Buzz Coffee Shops is famous for its large servings of hot coffee. After a famous case involving McDonalds, the lawyer for Buzz warned management (during

Buzz Coffee Shops is famous for its large servings of hot coffee. After a famous case involving McDonalds, the lawyer for Buzz warned management (during 2011) that it could be sued if someone were to spill hot coffee and be burned: With the temperature of your coffee, I can guarantee its just a matter of time before youre sued for $1,000,000. Unfortunately, in 2013, the prediction came true when a customer filed suit. The case went to trial in 2014, and the jury awarded the customer $400,000 in damages, which the company immediately appealed. During 2015, the customer and the company settled their dispute for $150,000. What is the proper reporting each year of the events related to this liability?

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