Ayayai Corp. Was recently sued by a competitor for patent infringement. Lawyers have determined that...
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Ayayai Corp. Was recently sued by a competitor for patent infringement. Lawyers have determined that it is probable (and very likely) that Ayayai will lose the case, and that Ayayai will have to pay between $70,000 and $250,000 in damages. Ayayai Follows IFRS What entry, if any, should Ayayai record in respect of this lawsuit?
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