Question: Explain how this lawsuit statement would affect any changes to trial balance, account titles, or which notes of financial statements A client injured themselves on

Explain how this lawsuit statement would affect any changes to trial balance, account titles, or which notes of financial statements

A client injured themselves on your property due to alleged negligence on the company's part. It is estimated that a 35% likelihood of losing the lawsuit and having to pay between $13,000 to $20,000 to the plaintiff.

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