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Atartic Cruse Lines is a defendunt in lulgot on ifvoiving a...

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Accounting

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Atartic Cruse Lines is a defendunt in lulgot on ifvoiving a twimming accident on one of is three cruse ships. Pecuired: 1. The lkeihood of a payment occuring is probnble, and the estirated amount is $128 mation 2. The ikeihood of a peyment occuring is probeble, and the arnount is estimated be be in the range or $1.08 to $1.28mision. 3 The ikeihood of a ptyment occuring is reasonsbly posuble. and the estimsted amount is 5128 milion. 4 The likelhood of a plyment oceuring ts remote, while the estimated potentual amoont is 5128 milion. Fiecord the necessaty entry for the scenanos gven above, of no entry is required for a particular transactionslewint, select 'No Journal Entry Required" in the first account field, Enter your ansevers in dollars, not in milions. For example, $5.5 miltion should he entered as 5,500,000.]

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