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On December 1, 2018, Mott and Company is in litigation over a products liability accusation. Their lawyers indicate that there is a better than 50%
| On December 1, 2018, Mott and Company is in litigation over a products liability accusation. Their lawyers indicate that there is a better than 50% | ||||||||||
| chance that the company will be held liable. They estimate the amount to be between $75,000 and $100,000. | ||||||||||
| What will be the amount of the contingent liability recorded on the December 31, 2018 | ||||||||||
| adjusting general journal entry? | ||||||||||
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Quality And GMP Auditing Clear And Simple
Authors: James L. Vesper
1st Edition
0367400901, 978-0367400903
