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What would be the appropriate journal entry

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Question - What would be the appropriate journal entry if required prior to any actual receipt of an award?

CMN, Inc. enlists the services of outside counsel to assist in a pending litigation matter. Facts of the case indicate CMN may indeed have a case against BJN, Inc. for infringement. Under such case, CMN could receive $10,000,000 when it settles, if in it's favor. It's a probability.

Reference no: EM132439224

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