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Elite Leisure is being sued for $250,000 by a passenger who slipped on one of...

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Accounting

Elite Leisure is being sued for $250,000 by a passenger who slipped on one of the gangways and twisted an ankle. The companys lawyer estimates that there is a 55% chance that it will lose the case. Legal costs for Elite Leisure will be $40,000. What amount should Elite Leisure Co provide in respect of this case?

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