Return to question 15 Quandry Corporation has a major customer who is alleging a significant product defect. Quandary engineers and attorneys have analyzed the claim and have concluded that there is a 51% chance that the customer would be successful in court and that a successful claim would result in a range of damages from $10 million to $20 million, with each part of the range equally likely to occur. The damages would need to be paid soon enough that time value-of-money considerations are not material. Would a liability be accrued under U.S. GAAP? Under IFRS? If a liability were accrued, what amount would be accrued under U.S. GAAP? Under IFRS? (Enter your answers in millions (i.e., 5,000,000 should be entered as 5).) 0.76 points Answer is complete but not entirely correct. IFRS U.S. GAAP No Yes Would a liability be accrued? What amount would be accrued? $ 15,000,000 X 15,000,000