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Riverbed Corp. was recently sued by a competitor for patent infringement. Lawyers have determined that it is probable (and very likely) that Riverbed will lose
Riverbed Corp. was recently sued by a competitor for patent infringement. Lawyers have determined that it is probable (and very likely) that Riverbed will lose the case, and that Riverbed will have to pay between $80,000 and $260,000 in damages. Riverbed follows IFRS What entry, if any, should Riverbed record in respect of this lawsuit? (Credit account titles are automatically indented when the amount enter o for the amounts.) entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT What entry, if any, should Riverbed record in respect of this lawsuit assuming that Riverbed follows ASPE? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit
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