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If a company has a 51% chance that a customer will win a law suite against them for damages between $5-$15 million how is this recognized under both GAAP and IFRS

GAAP no liability would be recognized but under IFRS a liability would be recognized

GAAP a liability would be recognized but under IFRS no liability would be recognized

GAAP no liability would be recognized and under IFRS no liability would be recognized

GAAP a liability would be recognized and under IFRS a liability would be recognized

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