1.
Whether the company should accrue, disclose or not report at all the contingency in the financial statement dated 31st December 2018.
Given information:
The company has gone through a case in which P sued for patent infringement. As of December 31st, 2018, the case was in the early stage and the company believed that they are likely to win. By the end of the year 2019, the case progressed and
2.
How the contingency should be reported as of December 31st, 2019.
3.
How the contingency should be reported as of December 31st, 2020.

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Chapter 13 Solutions
INTERMEDIATE ACCOUNTING-MYLAB W/ETEXT
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