Fox co. is a defendant in a lawsuit that could result in a large payment to the plaintiff. fox's attorney believes that there is a 90% chance that fox will lose the suit, and estimates that the loss will be anywhere from $5,000,000 to $20,000,000 and possibly as much as $30,000,000. none of the estimates are better than the others. what amount of liability should fox report on its balance sheet related to the lawsuit?
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