Gail was injured when she slipped on a wet floor while shopping at Glamour Inc. Gail subsequently sued Glamour for $500,000 in damages. Glamour's legal counsel advises that there is an 80% probability that the company will be found liable. If Glamour loses the case, the plaintiff (Gail) will be awarded damages between $50,000 and $70,000, with all outcomes equally probable. What amount will Glamour recognize as a provision if Glamour follows IFRS? a. $50,000 b. $60,000 O $48,000 Od. $500,000
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