Acustomer of roughedge sharpeners alleges that roughedge's new razor sharpener had a defect that resulted in serious injury to the customer. roughedge believes the customer has a 51% chance of winning the case, and that if the customer wins the case, there is a range of losses of between $1,000,000 and $3,000,000 in which any number is equally likely to occur. under u. s. gaap, roughedge should accrue a liability in the amount of:
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Acustomer of roughedge sharpeners alleges that roughedge's new razor sharpener had a defect that res...
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