Huprey Co. is the defendant in the following legal claims. For each of following claims, does Huprey (a) Record liability, (b) Disclose in notes, or (c) No disclosure. 1. It is reasonably possible that Huprey will lose a pending lawsuit. The loss cannot be estimable. Disclose in notes. No disclosure. Record liability. 2. Huprey is being used for damages of $2 million. It is very unlikely (remote) that Huprey will lose the case. Disclose in notes. No disclosure. Record liability. 3. Huprey can resonably estimate that a pending lawsuit will result in damages of $1.25 million, it is probable that Huprey will lose the case. Disclose in notes.
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Huprey Co. is the defendant in the following legal claims. For each of following claims, does Huprey...
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