The Piedmont Computer Company has brought legal action against ATC Corporation for alleged monopolistic practices in the

Question:

The Piedmont Computer Company has brought legal action against ATC for alleged monopolistic practices in the development of software. The claim has been pending for two years, with both sides accumulating evidence to support their positions. The case is now ready for trial. ATC has offered to settle out of court for $500,000, but Piedmont is asking for $5,000,000. If must be issued prior to the court action, how should ATC reflect this contingent claim?

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