tion 12 A company is facing a class-action lawsult in the upcoming year.I is possible,...
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tion 12 A company is facing a class-action lawsult in the upcoming year.I is possible, but not probable, that the company will have to pay a setlement of approximately $800 be reported, if at all, in the financial statements to be issued at the end of the current month? A. Reporting is not required in this case. B.Report $800,000 as a current latility. C. Report $800,000 as a long-term liability D.Report the potential labityinthe footnotes to the macia statemen Moving to another question will save this response Question 12 of 33 command option
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