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waterway company recently was sued by a competitor for patent infringement. attorneys have determined that it is probable that waterway will lose the case and

waterway company recently was sued by a competitor for patent infringement. attorneys have determined that it is probable that waterway will lose the case and that reasonable estimate of damages to be paid by waterwat is 296,500. In light ig this case, waterway is considering establishing 97,800 self-insurnace allowance. what entry, if any should waterway record to recognize this loss contingency

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