In practice, why does the accrual of a loss from pending or ongoing litigation is rare? Explain.

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter9: Current Liabilities And Contingent Obligations
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In practice, why does the accrual of a loss from pending or ongoing litigation is rare? Explain.

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