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Your company is being sued by a customer. At the balance sheet date, your sttorneys believe that it is reasonably possible, but not probable, that

Your company is being sued by a customer. At the balance sheet date, your sttorneys believe that it is reasonably possible, but not probable, that your company could lose the lawsuit and the amount of the loss could be as much as $400,000. On the baksnce sheet date, you shoulf:

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