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Corp sued App Corp for violating a license agreement.As of the end of 2019, the lawsuit is not settled but Corp expects there is ahigh
Corp sued App Corp for violating a license agreement.As of the end of 2019, the lawsuit is not settled but Corp expects there is ahigh probabilitythat they will receive a settlement between $200,000 and $500,000 within the next year. How much, if any, of the settlement should Corp recognize as a contingent gain on the 2019 financial statements?
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