Question: Determine whether Abraham, the defendant, should ( a ) record a liability, ( b ) disclose in notes, or ( c ) have no disclosure
Determine whether Abraham, the defendant, should a record a liability, b disclose in notes, or c have no disclosure for each of the following separate legal claims It is reasonably possible that Abraham will lose a pending lawsuit. Abraham and its lawyers cannot estimate what the damages will be if it loses Abraham is being sued for damages of $ It is very unlikely remote that Abraham will lose the case It is probable that Abraham will lose a pending lawsuit. Abraham can reasonably estimate the amount of damages to be paid if it loses the lawsuit.
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