Business, 22.04.2020 04:45, dabicvietboi

Ogden Motors, Inc. is involved in a lawsuit. It is reasonably possible that the jury will find in favor of the plaintiff and Ogden will owe ten million dollars. What is the appropriate reporting of this lawsuit and what is the effect in the balance sheet?

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Ogden Motors, Inc. is involved in a lawsuit. It is reasonably possible that the jury will find in fa...