Pacific Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships. Required:1. The likelihood of a payment occurring is probable, and the estimated amount is $1.3 million. 2. The likelihood of a payment occurring is probable, and the amount is estimated to be in the range of $1.1 to $1.6 million. 3. The likelihood of a payment occurring is reasonably possible, and the estimated amount is $1.3 million. 4. The likelihood of a payment occurring is remote, while the estimated potential amount is $1.3 million. Record the necessary entry for the scenarios given above.
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Pacific Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships. Required:1. The ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » Pacific Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships. Required:1. The likelihood of a payment occurring is probable, and the estimated amount is $1.3 million. 2.