Business, 23.04.2020 15:48 lalllda

A company has two active lawsuits at the end ofthe year. In Lawsuit 1, the company feels it is -9. probable that it will win $10,000. In Lawsuit 2, the company feels that it is probable that it will lose $6,000. At the end of the year, the company should report a:

a. Contingent gain for $10,000
b. Contingent loss for $6,000.
c. Net contingent gain for $4,000.
d. Net contingent loss for $4,000.

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A company has two active lawsuits at the end ofthe year. In Lawsuit 1, the company feels it is -9. p...

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