presented below are three independent situations. answr the question at the end of each situation. during

$2$

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$2$

$5$

$$salt n pepa inc. became involved in a tax dispute with the irs. salt

$-$

n

$-$

pepa's attorneys have indicated that they believe it is probable that salt n papa will lost this dispute. they also believe that salt n pepa will have to pay irs between $

$9$

$0$

$0$

$,$

$0$

$0$

$0$

$$and $

$1$

$,$

$4$

$0$

$0$

$,$

$0$

$0$

$0$

$.$

$$after the

$2$

$0$

$2$

$5$

$$financial statements were issued the case was sttled with the irs for $

$1$

$,$

$2$

$0$

$0$

$,$

$0$

$0$

$0$

$.$

$$what amount if any should be reported as a liablility for this contingency