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Kong Corp is currently experiencing an employee lawsuit for discrimination. There is a remote chance that the company will lose the lawsuit and no future
Kong Corp is currently experiencing an employee lawsuit for discrimination. There is a remote chance that the company will lose the lawsuit and no future outcome can be estimated. How should the company treat the lawsuit in their financial statements? Disclose in the notes to the financial statements As a liability on the balance sheet Ignore - no need to disclose in the financial statements or record as a liability As an HR complaint
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