Determine the amount of provision to be recognized

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Question - Determine the amount of provision to be recognized given the circumstance: BTS Corporation was a defendant in a pending lawsuit that came about because of a supposed defect of BTS's best-selling product. Because of the lawsuit, the lawyer believes that it reasonably possible that BTS will have to pay P 874,360.00 and probable that BTS will pay P 758,385.00.

Reference no: EM133071784

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