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Mathematics, 16.12.2019 20:31 nuna37

Amplify, inc. was sued by sound city for $50,000. sound city feels very confident that it will win the case and will be awarded the full amount. amplify, inc. feels it is probable that it will lose the case and pay sound city the full amount. what is the accounting treatment to the lawsuit for amplify, inc. and sound city respective?

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