Buck's Coffee Shop is famous for its large servings of hot coffee. After a famous case involving McDonald's, the lawyer for Buck's warned management (during 2009) that it could be sued if someone were to spill hot coffee and be burned. "With the temperature of your coffee, I can guarantee that it's just a matter of time before you're sued for $1,000,000." Buck's owner felt that the likelihood was remote. Unfortunately, in 2012, the lawyer's pre- diction came true when a customer filed suit. After consulting with his attorney, the owner of Buck's felt that a loss was possible but not likely or probable. The case went to trial in 2013 and the jury awarded the customer $400,000 in damages, which the company immediately appealed. Accepting the fact that a loss was probable, Buck's owner believed however that a lower amount could be negotiated. During 2014, the customer and the company settled their dispute for $150,000. What is the proper reporting of this liability each year under ASPE? Would the reporting differ under IFRS?