Indicate the amount Erismus would record as an asset, a liability or if no accrual would be necessary in the following circumstances.
Erismus is defending against a lawsuit. Erismus's management believes the company has a slightly worse than chance of
eventually prevailing in court, and that if it loses, the judgment will be $
Erismus is defending against a lawsuit. Erismus's management believes it is probable that the company will lose in court. If it
loses, management believes that damages could fall anywhere in the range of $ to $ with any damage in
that range equally likely.
Erismus is defending against a lawsuit. Erismus's management believes it is probable that the company will lose in court. If it
loses, management believes that damages will eventually be $ with a present value of $
Erismus is a plaintiff in a lawsuit. Erismus's management belleves it is probable that the company eventually will prevail in court,
and that if it prevails, the judgment will be $
Erismus is a plaintiff in a lawsuit. Erismus's management believes it is viltually ceitain that the company eventually will prevail in
court, and that if it prevalls, the judgment will be $
