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Business, 17.04.2020 03:48, adayisenga
Bosey Inc. designs and sells sound equipment. Engineers notified management in December 2019 of a technical flaw in a loud speaker that can potentially cause fire. Further investigation indicates that a product recall is probable, estimated to cost the company anywhere between $1 million to $2 million. If management reports this contingent liability, how much should management report in Bosey's 2019 income statement?
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