The law in your community requires store owners to shovel snow and ice from the pavement (sidewalk) in front of their shops. You failed to do that. A pedestrian slipped and fell, resulting in serious and costly injury. The pedestrian has sued you. Your attorney says that while he will vigorously defend you in the lawsuit, you should expect to lose $25 000 to cover the injured party's costs. A court decision, however, is not expected for at least a year. What aspects of the Conceptual Framework might help you in deciding the appropriate accounting for this situation?