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A customer of RoughEdge Sharpener alleges that RoughEdge's new razor sharpener had a defect that...

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Accounting

A customer of RoughEdge Sharpener alleges that RoughEdge's new razor sharpener had a defect that resulted in serious injury to the customer. RoughEdge believes the customer has an 90% chance of winning the case, and that if the customer wins the case, there is a range of losses of between $2,000,000 and $4,000,000. Under U.S. GAAP, RoughEdge should accrue a liability in the amount of

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