Business, 22.07.2019 20:10 griffinadrianne9109

The commonwealth of virginia filed suit in october 2016, against northern timber corporation seeking civil penalties and injunctive relief for violations of environmental laws regulating forest conservation. when the financial statements were issued in 2017, northern had not reached a settlement with state authorities, but legal counsel advised northern timber that it was probable the ultimate settlement would be $1,950,000 in penalties. the following entry was recordedloss—litigation 1,950,000 liability—litigation 1,950,000prepare any journal entries related to the change

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The commonwealth of virginia filed suit in october 2016, against northern timber corporation seeking...