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Business, 07.06.2020 04:57 choiboiqg5755
Pacific Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships. Required:1. The likelihood of a payment occurring is probable, and the estimated amount is $1.3 million.2. The likelihood of a payment occurring is probable, and the amount is estimated to be in the range of $1.1 to $1.6 million.3. The likelihood of a payment occurring is reasonably possible, and the estimated amount is $1.3 million.4. The likelihood of a payment occurring is remote, while the estimated potential amount is $1.3 million. Record the necessary entry for the scenarios given above.
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Pacific Cruise Lines is a defendant in litigation involving a swimming accident on one of its three...
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