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On September 8, Pane determined that it is probable that it will ultimately lose or settle a longstanding lawsuit with the state of Florida. The

On September 8, Pane determined that it is probable that it will ultimately lose or settle a longstanding lawsuit with the state of Florida. The suit alleges environmental damages caused by the companys past waste disposal practices. Pane estimates that the fines and penalties to be paid will total $1,000,000.

Please post journal entry

Dr.

Cr.

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