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What is the amount to be recognized as a liability

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Question - In November 2020. Manila City Government brought action against Hitana for P2,800,000 for polluting Manila Bay. It is reasonably possible that Manila City Government will be successful, but the amount of damages Hitana will have to pay is not reasonably determinable at December 31, 2020. What is the amount to be recognized as a liability at December 31, 2020?

Reference no: EM133100240

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