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Estimated Future Cash Inflows - Undiscounted Probabilit (in $ millions) Optio y of Probabilit n Occurring 2016 2017 2018 2019 y 2020 A 10% Total
Estimated Future Cash Inflows - Undiscounted Probabilit (in $ millions) Optio y of Probabilit n Occurring 2016 2017 2018 2019 y 2020 A 10% Total $1.0 $.9 $.7 Weighted $.7 B $.7 20% $4.0 6 8 1.1 1.6 C 1.9 6.0 70% $1.0 $3.01 $0 Total $0 $0 $4.0 (Note: A copy of this table is available on Blackboard for your review) Your firm, Barrett & Blackstone LLP, has been engaged to audit the financial statements for the year ended December 31, 2015. The problems with the cruise ship were discussed during your meeting with management earlier this month. Since the events indicate that the carrying 1 Includes the ship's FMV of $3 million treated as forgiveness of debt associated with the foreclosure up to FMV of the asset
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