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Question 19 (1 point) On December 31, Year 1, our company is being sued by another company. We would record a liability on our December
Question 19 (1 point) On December 31, Year 1, our company is being sued by another company. We would record a liability on our December 31 balance sheet if the outcome of the law suit is reasonably possible, and the amount can be reasonably estimated the outcome of the law suit is probable, but the amount is not reasonably estimable the outcome of the law suit is probable and the amount can be reasonably estimated the outcome of the law suit is reasonably possible, but the amount is not reasonably estimable
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