XYZ company is being sued for $400,000. The company believes that they will lose between $200,000 and $300,000. If the company accounts for the loss under IFRS, what amount will they report in the balance sheet as a liability? $300,000 $400,000 $200,000 $250,000 B

XYZ company is being sued for $400,000. The company believes that they will lose between $200,000 and $300,000. If the company accounts for the loss undef IFRS, what amount will they report in the balance sheet as a liability? $300,000 $400,000 $200,000 $250,000