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WhizBang Corporation discovered that hazardous waste material was buried on property it now owns by the previous owner. It will cost $1.5 million to remove the hazardous was and dispose of it properly. Is it appropriate for the WhizBang board of directors to restrict $1.5 million for the clean up? If so, what would the restriction accomplish?

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Accounting Basics, Accounting

Category:- Accounting Basics
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