CD is a publishing company. CD is suing a third party for copyright infringement. CD's lawyers believe that CD has a 90% chance of winning the case and, if successful, is likely to be awarded damages of $150,000. Which TWO of the following should CD disclose in relation to this contingent asset if practicable? a. An indicator of the uncertainties relating to the amount and timing of the inflow b. The contingent asset relates to a court case regarding copyright infringement c. There is a 90% chance of CD winning the court case d. If CD wins the court case, lawyers estimate that damages of $150,000 will be awarded e. A detailed description of how the third party breached CD's copyright?

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a An indicator of the uncertainties relating to the amount and timing of the inflow CD should disclo... View the full answer