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Question 1 9 5 pts Firm TDL is being sued by a customer. The firm believes there is a 6 0 % chance they loose

Question

19

5

pts

Firm TDL is being sued by a customer. The firm believes there is a

60 %

chance they loose the lawsuit and have to pay $

100, 000,

and a

40 %

chance they win and have to pay $

0 .

What amount of liability payable should be reported on the balance sheet?

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