What is the accounting treatment for the situation, Financial Accounting

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What is the accounting treatment for the situation

Problem

The Roger corporation has a pending court case and the financial adviser indicates that it is likely that he will have a adverse judgment and will need to give a compensation in an amount that fluctuates between 100,000 and 150,000. What is the accounting treatment for this situation?

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Financial Accounting: What is the accounting treatment for the situation

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Financial Accounting: What is the accounting treatment for the situation

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