Question

A company has two active lawsuits at the end ofthe year. In Lawsuit 1, the company feels it is -9. probable that it will win $10,000. In Lawsuit 2, the company feels that it is probable that it will lose $6,000. At the end of the year, the company should report a:

a. Contingent gain for $10,000
b. Contingent loss for $6,000.
c.Net contingent gain for $4,000.
d.Net contingent loss for $4,000.

Answer 1

if you have a question so long that you dont understand

Step-by-step explanation:

please ask your teacher they are there to help not for show. thankyou.

also this is not my acount its my brothers plz dont get mad.