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On January 5, 2020, Dakazi Company won a court case award for P3,000,000 which was doubled to P6,000,000 to include corrective damages. The defendant, Paprazzi
On January 5, 2020, Dakazi Company won a court case award for P3,000,000 which was doubled to P6,000,000 to include corrective damages. The defendant, Paprazzi who is financially capable, has appealed only the P3,000,000 corrective damages. Dakazi was awarded P2,500,000 in an unrelated case it filed, which is being appealed by Lazzi Corp. Dakazis lawyer couldnt give probable estimates to the outcome of the appeals. In its 2020 P/L, Dakazi Company should report what amount of gain? *
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