Solved: Determine dollar amount to be reported as current liability, Accounting Basics

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Determine dollar amount to be reported as current liability

Response to the following problem:

12/20/10, an employee sued the company $100,000 for wrongful dismissal. Likelihood of payment to employee is remote. incluse in current liabilities? include in notes to financial statement? Determine dollar amount to be reported as current liability on 12/31/10 balance sheet?

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Accounting Basics: Determine dollar amount to be reported as current liability

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Accounting Basics: Determine dollar amount to be reported as current liability

Reference No:- TGS02079073

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