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Which GAAP would be most relevant if a hotel, in the near future, expected to face the payment of a significant amount of money resulting

Which GAAP would be most relevant if a hotel, in the near future, expected to face the payment of a significant amount of money resulting from a lawsuit that it was very likely to lose?

  1. Objectivity Principle
  2. Conservatism Principle
  3. ConsistencyPrinciple
  4. Full Disclosure Principle

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