Business, 24.11.2021 08:50 yairreyes01

Dexter Tours is a defendant in litigation involving an accident that occurred during a cruise. The company is sued for $5 million in damages. The likelihood of a payment occurring is probable, and the amount is estimated to be $3 million. Which of the following is the company required to do in this scenario? a) Record a $3 million liability
b) Record a $4 million liability
c) Record a $5 million liability
d) The company is not required to report anything because the loss is not certain

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