Estimate of potential damages


A suit for breach of contract seeking damages of $2,400,000 was filed by an author against Early Co. on October 4, 2007. Early's legal counsel believes that an unfavorable outcome is probable. A reasonable estimate of the award to the plaintiff is between $600,000 and $1,800,000. No amount within this range is a better estimate of potential damages than any other amount.

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Accounting Basics: Estimate of potential damages
Reference No:- TGS095957

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