PLS A company agreed to pay $5 million to settle a lawsuit for an event that occurred during its current fiscal year. The company did not pay the $5 million until February of its next fiscal year. Which of the following reflects the proper accounting treatment for this lawsuit. Shareholders' Equity increases by $5 million in the current fiscal year. Shareholders Equity Decreases by $5 million in the next fiscal year Shareholders Equity Decreases by $5 million in the current fiscal year. Shareholders' Equity increases by $5 million in the next fiscal year. Previous Next >