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What amount of pretax gain

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Question - During January 20x9, Haze Corp. won a litigation award for 15,000 which was tripled to 45,000 to include punitive damages. The defendant, who is financially stable, has appealed only the 30,000 punitive damages. Haze was awarded 50,000 in an unrelated suit it filed, which is being appealed by the defendant. Counsel is unable to estimate the outcome of these appeals. In its 20x9 financial statements, Haze should report what amount of pretax gain?

Reference no: EM132639154

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