Note 10 to MWW’s financial statements includes among the company’s long-term debt an “estimated future earnout payable—on Paul John Enterprises acquisition”

of $2,000,000. Explain what this long-term debt represents. Why is the amount owed estimated instead of being the exact amount owed? You will have to read the third to last paragraph in Note 10 and Note 2 to answer this question (pages A-55, A-51).