Several months ago in 2023, Maxmilian Inc. experienced a spill of chemicals into the Missouri River from one of its chemical plants. As a result, the Environmental Protection Agency (EPA) fined the company $2,000,000. Maxmillian has contested the fine. Maxmillian's legal counsel has advised that it is reasonably possible that the fine will stand. However, the legal counsel believes that the fine might be reduced and expects any amount between $1,000,000 and $2,000,000, with all amounts in this range having equal likelihood. Maxmillian is incorporated in the US and follows US GAAP. Accordingly, the company The company make a disclosure in the notes to the financial statements in its Annual Report 2023. required to record the contingent liability relating to this EPA fine.

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Several months ago in 2023, Maxmilian Inc. experienced a spill of chemicals into the Missouri River from one of its chemical plants. As a result, the Environmental Protection Agency (EPA) fined the company $2,000,000. Maxmillian has contested the fine. Maxmillian's legal counsel has advised that it is reasonably possible that the fine will stand. However, the legal counsel believes that the fine might be reduced and expects any amount between $1,000,000 and $2,000,000, with all amounts in this range having equal likelihood. Maxmillian is incorporated in the US and follows US GAAP. Accordingly, the company The company make a disclosure in the notes to the financial statements in its Annual Report 2023. required to record the contingent liability relating to this EPA fine. Several months ago in 2023, Maxmilian Inc. experienced a spill of chemicals into the Missouri River from one of its chemical plants. As a result, the Environmental Protection Agency (EPA) fined the company $2,000,000. Maxmillian has contested the fine. Maxmillian's legal counsel has advised that it is reasonably possible that the fine will stand. However, the legal counsel believes that the fine might be reduced and expects any amount between $1,000,000 and $2,000,000, with all amounts in this range having equal likelihood. Maxmillian is incorporated in the US and follows US GAAP. Accordingly, the company The company make a disclosure in the notes to the financial statements in its Annual Report 2023. required to record the contingent liability relating to this EPA fine.