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    Intermediate Accounting Study Set 7
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    Exam 13: Operating Liabilities and Contingencies
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    In Order to Accrue a Litigation-Related Liability, the Company Must
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In Order to Accrue a Litigation-Related Liability, the Company Must

Question 6

Question 6

True/False

In order to accrue a litigation-related liability, the company must be aware of the lawsuit before the company's year-end.

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