1. ) For each of the following, determine what must be disclosed in the footnotes if anything and what liability must be accrued if any.
   1. Tracey is being sued for patent infringement. Their attorney gives them a 50-50 chance of winning the suit.
   2. Traclyn is being investigated by the Interstate Commerce Commission for overcharging for the hauling of freight on their railroad. The ICC suit alleges $650,000 of overcharges, the amount of the suit. Traclyns attorney believes the suit has merit but they could settle for $300,000.
   3. Trancee is being sued for $195,000 for injuries that an employee incurred in a car accident while on company business. Trancees attorney believes they are at fault but cannot estimate the amount of the settlement.

disclose	accrue
a.
b.
c.