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How should the company address issue in financial statement

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Reference no: EM132808356

Problem 1: Borden chemical product division consisting of the seven plants in uninsurable because of the special risk of injury to employees and losses due to fire and explosion. Data from history and trend analysis has projected that we the company may be overdue for a casualty that could range from $60,000 to $700,000. However, the likelihood of occurrence is not determinable. How should the company address this issue in the financial statements for the year ended December 31?

Reference no: EM132808356

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