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Starbucks being sued for $5m over the amount of ice in iced drinks. What is the appropriate accounting treatment of the lawsuit in Starbucks' financial

Starbucks being sued for $5m over the amount of ice in iced drinks.

What is the appropriate accounting treatment of the lawsuit in Starbucks' financial statements? Should Starbucks recognize a liability, disclose a contingent liability or do nothing about it?

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Corporate Finance The Core

Corporate Finance The Core

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