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help me please thank you 7) On November 5, 2019, a Muntinlupa Company truck was in an accident with an auto driven by Murcia. Muntinlupa
help me please thank you
7) On November 5, 2019, a Muntinlupa Company truck was in an accident with an auto driven by Murcia. Muntinlupa received notice on January 15, 2020 of a lawsuit for P900,000 damages for personal injuries suffered by Murcia. Muntinlupa's counsel believed it is probable that Murcia will be awarded an estimated amount in the range between P500,000 and P800,000, and each amount in the range is as likely as any other. The 2019 financial statements were issued on March 31, 2020. What amount of provision should Muntinlupa accrue on December 31, 2019? A. 500,000 B. 650,000 C. 900,000 D. 0 Step by Step Solution
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