Business, 04.05.2021 04:50, emanuelmorales1515

Desert Company is being sued for illness caused to local residents as a result of negligence on the company's part in permitting the local residents to be exposed to highly toxic chemicals from its plant. Desert's lawyer states that it is probable that Desert will lose the suit and be found liable for a judgment costing Desert anywhere from $2,045,331 to $8,095,229. However, the lawyer states that the most probable cost is $5,179,985. What is the amount of loss contingency (if any) Desert should record as a result of this information. If none, enter 0.

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Desert Company is being sued for illness caused to local residents as a result of negligence on the...