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Business, 23.08.2021 22:30 vliu732

A hospital that carries no malpractice insurance has several outstanding malpractice claims, including one for $1.5 million. Hospital attorneys believe the claim can be settled in the range of $200,000 to $340,000, but negotiations have not reached the point where they can estimate where within that range they can reach agreement. How should the hospital handle this claim in its financial statements?

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