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For the following independent situation, select the appropriate term. A customer has sued a company for $1 million. The company will likely lose the lawsuit.

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For the following independent situation, select the appropriate term. A customer has sued a company for $1 million. The company will likely lose the lawsuit. Recorded Neither recorded nor disclosed Disclosed Recorded under IFRS and disclosed under ASPE Disclosed under IFRS and recorded under ASPE

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