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Legal counsel advises that it is virtually certain that

Skill Hardware is the plaintiff in a $16 million lawsuit filed against a supplier. The litigation is in final appeal and legal counsel advises that it is virtually certain that Skill will win the lawsuit and be awarded $12 million. How should Skill account for this event?

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Accounting Basics: Legal counsel advises that it is virtually certain that

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Accounting Basics: Legal counsel advises that it is virtually certain that

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