15)7%-A company is unsure of the amount of its probable loss. Its attomey feels that the...
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15)7%-A company is unsure of the amount of its probable loss. Its attomey feels that the loss can range from $200,000 to $800,000, with no one amount a better estimate. The likelihood of different amounts are: $800,000 $600,000 $400,000 $200,000 What amount should be reported under IFRS and GAAP? 40% 30% 20% 10% 15)7%-A company is unsure of the amount of its probable loss. Its attomey feels that the loss can range from $200,000 to $800,000, with no one amount a better estimate. The likelihood of different amounts are: $800,000 $600,000 $400,000 $200,000 What amount should be reported under IFRS and GAAP? 40% 30% 20% 10%
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