Question: On October 1 , 2 0 2 5 , Jackson Chemical was identified as a potentially responsible party by the Environmental Protec Jackson's management along

On October

1, 2025,

Jackson Chemical was identified as a potentially responsible party by the Environmental Protec Jackson's management along with its counsel have concluded that it is probable that Jackson will be responsible for c a reasonable estimate of these damages is $

5, 000, 000 .

Jackson's insurance policy of $

9, 000, 000

has a deductible cla $

500, 000 .

How should Jackson Chemical report this information in its financial statements at December

31, 2025 ?

On October 1,2025, Jackson Chemical was identified as a potentially responsible

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