Question: On their December 3 1 , 2 0 2 3 year end financial statements Fox Co . estimates a 7 5 % probability they will

On their December 31,2023 year end financial statements Fox Co. estimates a 75% probability they will pay between $4m - $8m to settle a patent infringement lawsuit. By February 28,2024, additional info has increased this range to $5m - $9m. What liability should Fox report on their financial statements issued March 1,2024, assuming Fox uses US GAAP vs. IFRS, respectively? $4m vs $6m
$6m for both
$4m vs no accrual
$5m vs $7m

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