Business, 13.03.2020 16:33, starlightmoon213

Conlon Co. is the plaintiff in a patent-infringement case. Conlon has a high probability of a favorable outcome, and can reasonably estimate the amount of the settlement. What is the proper accounting treatment of the patent infringement case?A. Disclosure in the notes only. B. A gain contingency for the minimum estimated amount of the settlement. C. No reporting is required at this time. D. A gain contingency for the estimated probable settlement.

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Conlon Co. is the plaintiff in a patent-infringement case. Conlon has a high probability of a favora...