Whizbang corporation discovered that hazardous waste, Financial Accounting

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Whizbang corporation discovered that hazardous waste

WhizBang Corporation discovered that hazardous waste material was buried on property it now owns by the previous owner. It will cost $1.5 million to remove the hazardous was and dispose of it properly. Is it appropriate for the WhizBang board of directors to restrict $1.5 million for the clean up? If so, what would the restriction accomplish?

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