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How does Apple explain the lack of recognition

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Reference no: EM132880172

Problem - The contingency involves two legal cases involving Apple Inc. In the first case, a jury awarded Apple $599 million in its lawsuit against Samsung. In the second case, the jury ruled against Apple, awarding $368 million in damages to VirnetX, Inc. As of the end of fiscal 2013, Apple has recognized neither a contingent gain for the Samsung award, nor a contingent loss for the VirnetX case. How does Apple explain the lack of recognition for the contingent loss?

Reference no: EM132880172

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