O WORDS POWERED BY TINY Save Answer QUESTION 5 15 points Macrohard Ltd has recently been sued for the following three different breaches of the law: Court case 1: A competitor has threatened to sue for $10 million in relation to Macrohard's alleged use of a trademark inappropriately and without authorisation. The lawyers have advised that the chances of having to go to court of the dispute are extremely remote Court case 2: Macrohard sold faulty computer devices to thousands of customers who are demanding compensation. A large number of the faults in the products have occurred within months of the warranty period expiring. Based on past experience from repairing issues with similar products, the cost of repairing and returning the computers to customers is expected to be 51 million. Macrohard has a reputation of providing high-quality products and services to customers. An important reason for Marcohard's strong reputation is their willingness to back their products. It is well known that Marcohard has a custom of providing refunds or repairing faulty products even if these are outside of their warranty period. However, given the size of the existing claim and the number of customers affected, Macrohard is refusing to repair or replace the faulty goods. Required: For each court case, with reference to AASB137 Provisions, Contingent Liabilities and contingent Assets, advise Macrohard Ltd how this event should be treated in the financial statements for the year ended 30th June 2020. (15 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U S Paragraph Arial 14px . IM % OG V Click Save and Submit to sove and submit. Click Save All Answers to save all answers. Save Al Answers Clase Window Save and Submit