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Compact Electronics is the plaintiff in a $3.1 million lawsuit filed against a supplier. The suit is in final appeal, and attorneys advise it is

Compact Electronics is the plaintiff in a $3.1 million lawsuit filed against a supplier. The suit is in final appeal, and attorneys advise it is virtually certain that Compact Electronics will win and be awarded $1.6 million. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars, not in millions.)

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