Business, 04.09.2019 22:30 danyratilladc

On december 31, 20x1, date co. awaits judgment on a lawsuit for a competitor's infringement of date's patent. legal counsel believes it is probable that date will win the suit and indicated the most likely award together with a range of possible awards. how should the lawsuit be reported in date's 20x1 financial statements? a. in note disclosure onlyb. by accrual for the most likely awardc. by accrual for the lowest amount of the range of possible awardsd. neither in note disclosure nor by accrual

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On december 31, 20x1, date co. awaits judgment on a lawsuit for a competitor's infringement of date'...