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QUESTION 8 Dewey, Cheatum 'n Howe is currently involved in a personal injury lawsuit resulting from an uninsured accident that occurred in 2020. Its legal

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QUESTION 8 Dewey, Cheatum 'n Howe is currently involved in a personal injury lawsuit resulting from an uninsured accident that occurred in 2020. Its legal counsel believes that an unfavorable outcome is probable and the loss will be between $750,000 and $1 million, with no amount within the range more likely than any other. What, if any, journal entry should the company prepare related to this lawsuit? Arial 3 (121)

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