Mercury Inc. is facing a major lawsuit on January 1 st , 2 0 2 3 ,
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Question:
Mercury Inc. is facing a major lawsuit on January st as some patients suffered severed medical problems from its medicines and are claiming million dollars. Mercury reasonably expects to pay out inclusive of litigation expenses million dollars with a probability and believes this lawsuit will end on December st Write any journal entries or actions that Mercury should take with respect to their financial statements that they will file on March st
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