Cargo Company purchased land from Hazard Company for 20,000,000 on September 13, 2015. On October 31, 2015,

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Cargo Company purchased land from Hazard Company for €20,000,000 on September 13, 2015.

On October 31, 2015, it learned that the site was contaminated. As a result, Cargo Company sued Hazard Company for €4,000,000. Cargo’s attorneys believe that their odds of winning the case are 75%. Indicate how Cargo should account for this lawsuit at December 31, 2015.

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