Huprey Co. is the defendant in the following legal claims. For each of the following separate claims, indicate whether Huprey should (a) record a liability, (b) disclose in notes, or (c) have no disclosure. 1. Huprey can reasonably estimate that a pending lawsuit will result in damages of $1,250,000. It is probable that Huprey will lose the case. 2. It is reasonably possible that Huprey will lose a pending lawsuit. The loss cannot be estimated. 3. Huprey is being sued for damages of $2,000,000. It is very unlikely (remote) that Huprey will lose the case.

Huprey Co. is the defendant in the following legal claims. For each of the following separate claims, indicate whether Huprey should (a) record a liability, (b) disclose in notes, or (c) have no disclosure. 1. Huprey can reasonably estimate that a pending lawsuit will result in damages of $1,250,000. It is probable that Huprey will lose the case. 2. It is reasonably possible that Huprey will lose a pending lawsuit. The loss cannot be estimated. 3. Huprey is being sued for damages of $2,000,000. It is very unlikely (remote) that Huprey will lose the case