C QUESTION 22 Which of the situations below would require both an Adjusting Journal Entry and Disclosure in the Notes to the Financial Statements O a. Stock Split O b. Company is a defendant in a lawsuit for $800,000 The Company Attomey has determined there is a remote probability of an adverse verdict (lose the case and the Company would have to pay $800,000) Oc Company is a defendant in a lawsuit for $200,000 The Company Attorney has determined there is a reasonably possible chance of an adverse verdict (lose the case and the Company would have to pay $200,000) Od. Winning Company is a plaintiff in a lawsuit for $500,000. Company is suing a competitor for Patent fringement claiming economic damages to the Company's brand. It is probable that Winning Company will prevail/win and would be awarded $500,000 The Company Attorney has determined it is is a probable the verdict will rule in favor of Winning Company (win the case and the Company would be awarded $500,000) The lawsuit verdict will be announced next year and Winning Company would receive the cash payment next year. Oe. NONE of the choices will require an Adjusting Journal Entry and Disclosure in the Notes to the Financial Statements Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save a Am