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How much should papa pizza accrue in financial statements

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Reference no: EM132988355

Problem 1: Papa's Pizza filed suit against Brown Box in 2021 due to unfair pricing practices. At December 31, 2021, legal counsel for Papa's pizza believed it was probable they would win the case and receive an estimated $10 million. How much should Papa's Pizza accrue in its 2021 financial statements (issued in March 2022) related to this lawsuit?

Reference no: EM132988355

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