Hi I'm stuck on this question for CMN, Inc. enlists the services of outside counsel to assist in a pending litigation matter. Facts of the case indicate CMN may indeed have a case against BJN, Inc. for infringement. Under such case, CMN could receive $10,000,000 when it settles, if in it's favor. It's a probability.

What would be the appropriate journal entry, if required, for CMN prior to any actual receipt of an award.